Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 225 · 40 questions

Business tip (Money in, money out): Income = money coming in; expense = money going out. Keep every bill or receipt. Profit = total income − total expenses. If expenses are more, loss = expenses − income. Update the record the same day, before you forget.

1. 1.➖ Profit in your records = (a) income + expenses (b) just the income (c) expenses − income (d) income − expenses
2. 2.Which of these is income (money in)? (a) printing posters (b) buying lemons (c) paying the stall fee (d) money from sales
3. 3.Nisha’s record for a rainy day:
   Income: ₹160 (sales)
   Expense: ₹20 (transport)
   Expense: ₹210 (stall fee)
   How much is the loss (in ₹)?
4. 4.🧾 What should you keep after buying supplies? (a) nothing (b) a selfie (c) only the bag (d) the bill or receipt
5. 5.Ishaan’s record for a rainy day:
   Income: ₹100 (sales)
   Expense: ₹40 (stall fee)
   Expense: ₹110 (paper cups)
   How much is the loss (in ₹)?
6. 6.Which of these is an expense (money out)? (a) money from sales (b) cash from selling plants (c) payment for a cake order (d) paying the stall fee
7. 7.True or false: “a card order paid” is income (money in). (a) True (b) False
8. 8.True or false: “money from sales” is an expense (money out). (a) False (b) True
9. 9.Which of these is an expense (money out)? (a) cash from selling plants (b) printing posters (c) money from sales (d) payment for a cake order
10. 10.True or false: “payment for a cake order” is an expense (money out). (a) True (b) False
11. 11.Farhan’s record for the day:
    Income: ₹210 (morning sales)
    Income: ₹150 (evening sales)
    Expense: ₹90 (posters)
    Expense: ₹100 (stall fee)
    What is the profit (in ₹)?
12. 12.Ananya’s stall took in ₹80 on Friday, ₹170 on Saturday and ₹70 on Sunday. What was the total income (in ₹)?
13. 13.True or false: “tutoring fees received” is an expense (money out). (a) True (b) False
14. 14.Diya’s record for a rainy day:
    Income: ₹220 (sales)
    Expense: ₹140 (transport)
    Expense: ₹160 (ribbon)
    How much is the loss (in ₹)?
15. 15.Vihaan’s record for the day:
    Income: ₹210 (morning sales)
    Income: ₹150 (evening sales)
    Expense: ₹110 (transport)
    Expense: ₹60 (lemons)
    What is the profit (in ₹)?
16. 16.Ananya’s stall took in ₹110 on Friday, ₹330 on Saturday and ₹260 on Sunday. What was the total income (in ₹)?
17. 17.True or false: “buying paper cups” is an expense (money out). (a) True (b) False
18. 18.Which of these is an expense (money out)? (a) buying lemons (b) cash from selling plants (c) money from sales (d) tutoring fees received
19. 19.Nisha’s record for the day:
    Income: ₹20 (morning sales)
    Income: ₹360 (evening sales)
    Expense: ₹190 (paper cups)
    Expense: ₹90 (ribbon)
    What is the profit (in ₹)?
20. 20.Saanvi’s record for the day:
    Income: ₹170 (morning sales)
    Income: ₹340 (evening sales)
    Expense: ₹40 (card paper)
    Expense: ₹170 (sugar)
    What is the profit (in ₹)?
21. 21.Saanvi’s income was ₹130 and the profit was ₹110. One expense was ₹10 (stall fee). How much was the other expense, for transport (in ₹)?
22. 22.📒 Income or expense: buying lemons? (a) expense (b) income
23. 23.Kabir’s income was ₹390 and the profit was ₹80. One expense was ₹210 (paper cups). How much was the other expense, for ribbon (in ₹)?
24. 24.Diya’s stall took in ₹140 on Friday, ₹130 on Saturday and ₹150 on Sunday. What was the total income (in ₹)?
25. 25.Ishaan’s record for a rainy day:
    Income: ₹140 (sales)
    Expense: ₹80 (transport)
    Expense: ₹140 (posters)
    How much is the loss (in ₹)?
26. 26.📒 Income or expense: money from sales? (a) income (b) expense
27. 27.📒 Why write down every sale and cost? (a) to fill a notebook (b) to know the real profit (c) no reason (d) to look busy
28. 28.Dev’s stall took in ₹50 on Friday, ₹360 on Saturday and ₹90 on Sunday. What was the total income (in ₹)?
29. 29.Farhan’s stall took in ₹330 on Friday, ₹330 on Saturday and ₹280 on Sunday. What was the total income (in ₹)?
30. 30.Rohan’s record for the day:
    Income: ₹170 (morning sales)
    Income: ₹170 (evening sales)
    Expense: ₹20 (card paper)
    Expense: ₹190 (paper cups)
    What is the profit (in ₹)?
31. 31.Which of these is income (money in)? (a) buying paper cups (b) printing posters (c) buying lemons (d) payment for a cake order
32. 32.Tara’s stall took in ₹220 on Friday, ₹80 on Saturday and ₹330 on Sunday. What was the total income (in ₹)?
33. 33.Which of these is an expense (money out)? (a) payment for a cake order (b) money from sales (c) a card order paid (d) bus fare to the market
34. 34.📒 Income or expense: paying the stall fee? (a) expense (b) income
35. 35.Ananya’s stall took in ₹140 on Friday, ₹360 on Saturday and ₹310 on Sunday. What was the total income (in ₹)?
36. 36.Dev’s income was ₹230 and the profit was ₹40. One expense was ₹170 (transport). How much was the other expense, for card paper (in ₹)?
37. 37.Rohan’s record for the day:
    Income: ₹320 (morning sales)
    Income: ₹110 (evening sales)
    Expense: ₹180 (card paper)
    Expense: ₹50 (lemons)
    What is the profit (in ₹)?
38. 38.📒 Income or expense: buying paper cups? (a) income (b) expense
39. 39.Meera’s record for a rainy day:
    Income: ₹120 (sales)
    Expense: ₹160 (lemons)
    Expense: ₹10 (sugar)
    How much is the loss (in ₹)?
40. 40.Aarav’s stall took in ₹220 on Friday, ₹270 on Saturday and ₹400 on Sunday. What was the total income (in ₹)?

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