Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 25 · 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.Saanvi’s income was ₹420 and the profit was ₹280. One expense was ₹110 (stall fee). How much was the other expense, for transport (in ₹)?
2. 2.Kabir’s stall took in ₹200 on Friday, ₹260 on Saturday and ₹110 on Sunday. What was the total income (in ₹)?
3. 3.Aarav’s record for the day:
   Income: ₹70 (morning sales)
   Income: ₹350 (evening sales)
   Expense: ₹140 (transport)
   Expense: ₹110 (ribbon)
   What is the profit (in ₹)?
4. 4.Meera’s record for a rainy day:
   Income: ₹130 (sales)
   Expense: ₹110 (card paper)
   Expense: ₹60 (stall fee)
   How much is the loss (in ₹)?
5. 5.Vihaan’s record for a rainy day:
   Income: ₹140 (sales)
   Expense: ₹130 (posters)
   Expense: ₹40 (lemons)
   How much is the loss (in ₹)?
6. 6.True or false: “buying paper cups” is income (money in). (a) False (b) True
7. 7.Ishaan’s stall took in ₹80 on Friday, ₹110 on Saturday and ₹90 on Sunday. What was the total income (in ₹)?
8. 8.Saanvi’s record for a rainy day:
   Income: ₹180 (sales)
   Expense: ₹190 (lemons)
   Expense: ₹20 (transport)
   How much is the loss (in ₹)?
9. 9.Aarav’s record for a rainy day:
   Income: ₹100 (sales)
   Expense: ₹120 (sugar)
   Expense: ₹20 (lemons)
   How much is the loss (in ₹)?
10. 10.True or false: “a card order paid” is income (money in). (a) False (b) True
11. 11.True or false: “payment for a cake order” is an expense (money out). (a) True (b) False
12. 12.Zoya’s income was ₹110 and the profit was ₹30. One expense was ₹50 (posters). How much was the other expense, for card paper (in ₹)?
13. 13.Gurpreet’s income was ₹140 and the profit was ₹40. One expense was ₹90 (lemons). How much was the other expense, for posters (in ₹)?
14. 14.Zoya’s record for a rainy day:
    Income: ₹80 (sales)
    Expense: ₹30 (ribbon)
    Expense: ₹60 (lemons)
    How much is the loss (in ₹)?
15. 15.Zoya’s income was ₹500 and the profit was ₹360. One expense was ₹110 (paper cups). How much was the other expense, for ribbon (in ₹)?
16. 16.True or false: “cash from selling plants” is an expense (money out). (a) True (b) False
17. 17.Diya’s stall took in ₹90 on Friday, ₹270 on Saturday and ₹90 on Sunday. What was the total income (in ₹)?
18. 18.➖ Profit in your records = (a) expenses − income (b) income + expenses (c) income − expenses (d) just the income
19. 19.📒 Why write down every sale and cost? (a) to know the real profit (b) to fill a notebook (c) no reason (d) to look busy
20. 20.📒 Income or expense: a card order paid? (a) income (b) expense
21. 21.Which of these is an expense (money out)? (a) payment for a cake order (b) buying paper cups (c) money from sales (d) cash from selling plants
22. 22.True or false: “bus fare to the market” is income (money in). (a) False (b) True
23. 23.Aarav’s stall took in ₹140 on Friday, ₹320 on Saturday and ₹230 on Sunday. What was the total income (in ₹)?
24. 24.Diya’s record for the day:
    Income: ₹20 (morning sales)
    Income: ₹120 (evening sales)
    Expense: ₹20 (lemons)
    Expense: ₹90 (ribbon)
    What is the profit (in ₹)?
25. 25.Vihaan’s record for a rainy day:
    Income: ₹290 (sales)
    Expense: ₹370 (ribbon)
    Expense: ₹20 (paper cups)
    How much is the loss (in ₹)?
26. 26.📒 Income or expense: payment for a cake order? (a) income (b) expense
27. 27.Kabir’s stall took in ₹140 on Friday, ₹280 on Saturday and ₹90 on Sunday. What was the total income (in ₹)?
28. 28.Which of these is income (money in)? (a) printing posters (b) buying lemons (c) paying the stall fee (d) cash from selling plants
29. 29.Vihaan’s income was ₹150 and the profit was ₹120. One expense was ₹10 (sugar). How much was the other expense, for stall fee (in ₹)?
30. 30.Tara’s record for the day:
    Income: ₹140 (morning sales)
    Income: ₹340 (evening sales)
    Expense: ₹150 (transport)
    Expense: ₹90 (posters)
    What is the profit (in ₹)?
31. 31.📒 Income or expense: printing posters? (a) expense (b) income
32. 32.Gurpreet’s record for a rainy day:
    Income: ₹270 (sales)
    Expense: ₹30 (paper cups)
    Expense: ₹300 (sugar)
    How much is the loss (in ₹)?
33. 33.True or false: “paying the stall fee” is income (money in). (a) True (b) False
34. 34.Lakshmi’s record for a rainy day:
    Income: ₹220 (sales)
    Expense: ₹170 (card paper)
    Expense: ₹110 (paper cups)
    How much is the loss (in ₹)?
35. 35.Rohan’s record for a rainy day:
    Income: ₹70 (sales)
    Expense: ₹60 (paper cups)
    Expense: ₹80 (sugar)
    How much is the loss (in ₹)?
36. 36.Riya’s record for a rainy day:
    Income: ₹90 (sales)
    Expense: ₹50 (ribbon)
    Expense: ₹60 (card paper)
    How much is the loss (in ₹)?
37. 37.Aarav’s record for a rainy day:
    Income: ₹280 (sales)
    Expense: ₹30 (paper cups)
    Expense: ₹260 (stall fee)
    How much is the loss (in ₹)?
38. 38.📒 Income or expense: tutoring fees received? (a) expense (b) income
39. 39.Which of these is income (money in)? (a) paying the stall fee (b) payment for a cake order (c) bus fare to the market (d) printing posters
40. 40.Ishaan’s income was ₹290 and the profit was ₹140. One expense was ₹20 (card paper). How much was the other expense, for stall fee (in ₹)?

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