Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 278 · 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.Meera’s stall took in ₹220 on Friday, ₹90 on Saturday and ₹250 on Sunday. What was the total income (in ₹)?
2. 2.Which of these is income (money in)? (a) bus fare to the market (b) tutoring fees received (c) buying lemons (d) printing posters
3. 3.📒 Income or expense: bus fare to the market? (a) expense (b) income
4. 4.Ishaan’s stall took in ₹130 on Friday, ₹160 on Saturday and ₹170 on Sunday. What was the total income (in ₹)?
5. 5.📒 Income or expense: paying the stall fee? (a) income (b) expense
6. 6.📒 Income or expense: printing posters? (a) income (b) expense
7. 7.➖ Profit in your records = (a) income + expenses (b) expenses − income (c) income − expenses (d) just the income
8. 8.Kabir’s record for the day:
   Income: ₹150 (morning sales)
   Income: ₹10 (evening sales)
   Expense: ₹20 (transport)
   Expense: ₹50 (card paper)
   What is the profit (in ₹)?
9. 9.📒 Income or expense: tutoring fees received? (a) income (b) expense
10. 10.Kavya’s stall took in ₹140 on Friday, ₹340 on Saturday and ₹350 on Sunday. What was the total income (in ₹)?
11. 11.Which of these is income (money in)? (a) buying lemons (b) printing posters (c) paying the stall fee (d) money from sales
12. 12.Tara’s stall took in ₹70 on Friday, ₹90 on Saturday and ₹340 on Sunday. What was the total income (in ₹)?
13. 13.Arjun’s record for the day:
    Income: ₹310 (morning sales)
    Income: ₹220 (evening sales)
    Expense: ₹50 (posters)
    Expense: ₹190 (transport)
    What is the profit (in ₹)?
14. 14.Dev’s stall took in ₹260 on Friday, ₹350 on Saturday and ₹120 on Sunday. What was the total income (in ₹)?
15. 15.True or false: “bus fare to the market” is an expense (money out). (a) True (b) False
16. 16.Kabir’s income was ₹370 and the profit was ₹70. One expense was ₹190 (sugar). How much was the other expense, for paper cups (in ₹)?
17. 17.True or false: “paying the stall fee” is income (money in). (a) True (b) False
18. 18.Which of these is income (money in)? (a) printing posters (b) payment for a cake order (c) buying paper cups (d) paying the stall fee
19. 19.Which of these is an expense (money out)? (a) money from sales (b) paying the stall fee (c) tutoring fees received (d) a card order paid
20. 20.True or false: “printing posters” is an expense (money out). (a) False (b) True
21. 21.Which of these is an expense (money out)? (a) a card order paid (b) money from sales (c) tutoring fees received (d) buying paper cups
22. 22.📒 Income or expense: buying lemons? (a) income (b) expense
23. 23.Kabir’s stall took in ₹400 on Friday, ₹380 on Saturday and ₹290 on Sunday. What was the total income (in ₹)?
24. 24.📒 Income or expense: money from sales? (a) expense (b) income
25. 25.Saanvi’s stall took in ₹160 on Friday, ₹110 on Saturday and ₹300 on Sunday. What was the total income (in ₹)?
26. 26.Vihaan’s stall took in ₹100 on Friday, ₹140 on Saturday and ₹130 on Sunday. What was the total income (in ₹)?
27. 27.Zoya’s record for the day:
    Income: ₹170 (morning sales)
    Income: ₹30 (evening sales)
    Expense: ₹40 (lemons)
    Expense: ₹50 (stall fee)
    What is the profit (in ₹)?
28. 28.📒 Income or expense: cash from selling plants? (a) expense (b) income
29. 29.Gurpreet’s stall took in ₹140 on Friday, ₹280 on Saturday and ₹280 on Sunday. What was the total income (in ₹)?
30. 30.Which of these is an expense (money out)? (a) payment for a cake order (b) cash from selling plants (c) a card order paid (d) printing posters
31. 31.Dev’s record for the day:
    Income: ₹220 (morning sales)
    Income: ₹280 (evening sales)
    Expense: ₹120 (card paper)
    Expense: ₹110 (lemons)
    What is the profit (in ₹)?
32. 32.Which of these is income (money in)? (a) a card order paid (b) paying the stall fee (c) bus fare to the market (d) printing posters
33. 33.🧾 What should you keep after buying supplies? (a) the bill or receipt (b) a selfie (c) nothing (d) only the bag
34. 34.Nisha’s income was ₹110 and the profit was ₹70. One expense was ₹20 (stall fee). How much was the other expense, for posters (in ₹)?
35. 35.📅 When is the best time to update your records? (a) whenever you like (b) the same day (c) once a year (d) never
36. 36.Saanvi’s income was ₹490 and the profit was ₹270. One expense was ₹10 (ribbon). How much was the other expense, for posters (in ₹)?
37. 37.Vihaan’s income was ₹110 and the profit was ₹10. One expense was ₹40 (paper cups). How much was the other expense, for card paper (in ₹)?
38. 38.True or false: “money from sales” is income (money in). (a) False (b) True
39. 39.Which of these is an expense (money out)? (a) buying lemons (b) a card order paid (c) money from sales (d) cash from selling plants
40. 40.Riya’s stall took in ₹270 on Friday, ₹90 on Saturday and ₹200 on Sunday. What was the total income (in ₹)?

Free entrepreneurship lessons, practice and worksheets at talentjr.in/entrepreneurship-for-kids