Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 237 · 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.📒 Income or expense: printing posters? (a) expense (b) income
2. 2.Meera’s income was ₹330 and the profit was ₹90. One expense was ₹80 (lemons). How much was the other expense, for paper cups (in ₹)?
3. 3.Diya’s stall took in ₹390 on Friday, ₹360 on Saturday and ₹300 on Sunday. What was the total income (in ₹)?
4. 4.Tara’s stall took in ₹160 on Friday, ₹330 on Saturday and ₹230 on Sunday. What was the total income (in ₹)?
5. 5.True or false: “money from sales” is an expense (money out). (a) False (b) True
6. 6.📒 Income or expense: bus fare to the market? (a) expense (b) income
7. 7.Which of these is income (money in)? (a) bus fare to the market (b) printing posters (c) buying paper cups (d) payment for a cake order
8. 8.Rohan’s income was ₹170 and the profit was ₹130. One expense was ₹10 (transport). How much was the other expense, for lemons (in ₹)?
9. 9.Ananya’s record for a rainy day:
   Income: ₹120 (sales)
   Expense: ₹50 (posters)
   Expense: ₹90 (stall fee)
   How much is the loss (in ₹)?
10. 10.True or false: “payment for a cake order” is an expense (money out). (a) True (b) False
11. 11.📒 Income or expense: paying the stall fee? (a) income (b) expense
12. 12.🧾 What should you keep after buying supplies? (a) a selfie (b) the bill or receipt (c) only the bag (d) nothing
13. 13.Which of these is income (money in)? (a) buying paper cups (b) printing posters (c) buying lemons (d) money from sales
14. 14.True or false: “a card order paid” is an expense (money out). (a) True (b) False
15. 15.Farhan’s stall took in ₹270 on Friday, ₹230 on Saturday and ₹110 on Sunday. What was the total income (in ₹)?
16. 16.📒 Income or expense: payment for a cake order? (a) expense (b) income
17. 17.Farhan’s income was ₹440 and the profit was ₹200. One expense was ₹180 (sugar). How much was the other expense, for stall fee (in ₹)?
18. 18.Kabir’s record for a rainy day:
    Income: ₹160 (sales)
    Expense: ₹100 (card paper)
    Expense: ₹70 (lemons)
    How much is the loss (in ₹)?
19. 19.True or false: “cash from selling plants” is income (money in). (a) True (b) False
20. 20.Meera’s stall took in ₹180 on Friday, ₹190 on Saturday and ₹400 on Sunday. What was the total income (in ₹)?
21. 21.Ishaan’s record for the day:
    Income: ₹110 (morning sales)
    Income: ₹450 (evening sales)
    Expense: ₹200 (paper cups)
    Expense: ₹60 (lemons)
    What is the profit (in ₹)?
22. 22.Dev’s record for a rainy day:
    Income: ₹260 (sales)
    Expense: ₹220 (stall fee)
    Expense: ₹70 (lemons)
    How much is the loss (in ₹)?
23. 23.Which of these is an expense (money out)? (a) payment for a cake order (b) buying paper cups (c) tutoring fees received (d) a card order paid
24. 24.Dev’s record for the day:
    Income: ₹240 (morning sales)
    Income: ₹120 (evening sales)
    Expense: ₹90 (stall fee)
    Expense: ₹110 (transport)
    What is the profit (in ₹)?
25. 25.Rohan’s record for the day:
    Income: ₹30 (morning sales)
    Income: ₹310 (evening sales)
    Expense: ₹120 (paper cups)
    Expense: ₹150 (stall fee)
    What is the profit (in ₹)?
26. 26.Which of these is income (money in)? (a) buying lemons (b) printing posters (c) tutoring fees received (d) bus fare to the market
27. 27.📒 Income or expense: cash from selling plants? (a) income (b) expense
28. 28.📒 Income or expense: money from sales? (a) expense (b) income
29. 29.➖ Profit in your records = (a) just the income (b) income + expenses (c) income − expenses (d) expenses − income
30. 30.Kabir’s stall took in ₹150 on Friday, ₹50 on Saturday and ₹100 on Sunday. What was the total income (in ₹)?
31. 31.Which of these is an expense (money out)? (a) cash from selling plants (b) money from sales (c) paying the stall fee (d) tutoring fees received
32. 32.Joseph’s stall took in ₹360 on Friday, ₹400 on Saturday and ₹200 on Sunday. What was the total income (in ₹)?
33. 33.Rohan’s stall took in ₹280 on Friday, ₹210 on Saturday and ₹60 on Sunday. What was the total income (in ₹)?
34. 34.Kavya’s record for the day:
    Income: ₹150 (morning sales)
    Income: ₹230 (evening sales)
    Expense: ₹20 (paper cups)
    Expense: ₹110 (sugar)
    What is the profit (in ₹)?
35. 35.Zoya’s income was ₹210 and the profit was ₹170. One expense was ₹30 (ribbon). How much was the other expense, for sugar (in ₹)?
36. 36.Which of these is an expense (money out)? (a) buying lemons (b) money from sales (c) tutoring fees received (d) a card order paid
37. 37.📒 Income or expense: a card order paid? (a) expense (b) income
38. 38.Aarav’s stall took in ₹290 on Friday, ₹80 on Saturday and ₹330 on Sunday. What was the total income (in ₹)?
39. 39.True or false: “bus fare to the market” is income (money in). (a) True (b) False
40. 40.Nisha’s income was ₹390 and the profit was ₹50. One expense was ₹20 (ribbon). How much was the other expense, for stall fee (in ₹)?

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