Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 300 · 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: money from sales? (a) expense (b) income
2. 2.Kabir’s record for a rainy day:
   Income: ₹120 (sales)
   Expense: ₹100 (posters)
   Expense: ₹40 (stall fee)
   How much is the loss (in ₹)?
3. 3.Kabir’s record for the day:
   Income: ₹110 (morning sales)
   Income: ₹360 (evening sales)
   Expense: ₹170 (posters)
   Expense: ₹180 (paper cups)
   What is the profit (in ₹)?
4. 4.📒 Why write down every sale and cost? (a) to look busy (b) to fill a notebook (c) to know the real profit (d) no reason
5. 5.Dev’s record for the day:
   Income: ₹300 (morning sales)
   Income: ₹80 (evening sales)
   Expense: ₹170 (posters)
   Expense: ₹100 (sugar)
   What is the profit (in ₹)?
6. 6.Which of these is an expense (money out)? (a) money from sales (b) a card order paid (c) payment for a cake order (d) paying the stall fee
7. 7.Kavya’s record for the day:
   Income: ₹120 (morning sales)
   Income: ₹160 (evening sales)
   Expense: ₹20 (stall fee)
   Expense: ₹70 (sugar)
   What is the profit (in ₹)?
8. 8.🧾 What should you keep after buying supplies? (a) only the bag (b) nothing (c) a selfie (d) the bill or receipt
9. 9.Diya’s record for a rainy day:
   Income: ₹300 (sales)
   Expense: ₹330 (transport)
   Expense: ₹10 (sugar)
   How much is the loss (in ₹)?
10. 10.Which of these is an expense (money out)? (a) a card order paid (b) buying lemons (c) money from sales (d) payment for a cake order
11. 11.True or false: “paying the stall fee” is income (money in). (a) True (b) False
12. 12.True or false: “buying lemons” is an expense (money out). (a) False (b) True
13. 13.📒 Income or expense: paying the stall fee? (a) income (b) expense
14. 14.True or false: “money from sales” is an expense (money out). (a) False (b) True
15. 15.📒 Income or expense: cash from selling plants? (a) expense (b) income
16. 16.📒 Income or expense: tutoring fees received? (a) income (b) expense
17. 17.Farhan’s income was ₹180 and the profit was ₹60. One expense was ₹40 (stall fee). How much was the other expense, for transport (in ₹)?
18. 18.Diya’s stall took in ₹340 on Friday, ₹350 on Saturday and ₹360 on Sunday. What was the total income (in ₹)?
19. 19.Ananya’s income was ₹290 and the profit was ₹50. One expense was ₹50 (lemons). How much was the other expense, for paper cups (in ₹)?
20. 20.Farhan’s stall took in ₹370 on Friday, ₹330 on Saturday and ₹230 on Sunday. What was the total income (in ₹)?
21. 21.📒 Income or expense: buying paper cups? (a) expense (b) income
22. 22.True or false: “payment for a cake order” is an expense (money out). (a) True (b) False
23. 23.Which of these is income (money in)? (a) buying lemons (b) money from sales (c) buying paper cups (d) paying the stall fee
24. 24.Joseph’s record for the day:
    Income: ₹210 (morning sales)
    Income: ₹330 (evening sales)
    Expense: ₹180 (lemons)
    Expense: ₹200 (sugar)
    What is the profit (in ₹)?
25. 25.Which of these is income (money in)? (a) paying the stall fee (b) payment for a cake order (c) buying lemons (d) printing posters
26. 26.Which of these is an expense (money out)? (a) payment for a cake order (b) tutoring fees received (c) buying paper cups (d) cash from selling plants
27. 27.Diya’s record for the day:
    Income: ₹120 (morning sales)
    Income: ₹360 (evening sales)
    Expense: ₹150 (stall fee)
    Expense: ₹150 (paper cups)
    What is the profit (in ₹)?
28. 28.Saanvi’s record for the day:
    Income: ₹360 (morning sales)
    Income: ₹120 (evening sales)
    Expense: ₹20 (paper cups)
    Expense: ₹160 (lemons)
    What is the profit (in ₹)?
29. 29.Meera’s income was ₹220 and the profit was ₹50. One expense was ₹30 (transport). How much was the other expense, for stall fee (in ₹)?
30. 30.Aarav’s income was ₹130 and the profit was ₹60. One expense was ₹10 (transport). How much was the other expense, for sugar (in ₹)?
31. 31.Kabir’s income was ₹380 and the profit was ₹140. One expense was ₹10 (transport). How much was the other expense, for stall fee (in ₹)?
32. 32.Kavya’s income was ₹430 and the profit was ₹350. One expense was ₹10 (stall fee). How much was the other expense, for paper cups (in ₹)?
33. 33.Saanvi’s record for a rainy day:
    Income: ₹100 (sales)
    Expense: ₹160 (card paper)
    Expense: ₹20 (paper cups)
    How much is the loss (in ₹)?
34. 34.True or false: “buying paper cups” is income (money in). (a) True (b) False
35. 35.➖ Profit in your records = (a) just the income (b) expenses − income (c) income − expenses (d) income + expenses
36. 36.📒 Income or expense: printing posters? (a) income (b) expense
37. 37.Which of these is income (money in)? (a) printing posters (b) buying lemons (c) tutoring fees received (d) paying the stall fee
38. 38.Riya’s record for the day:
    Income: ₹100 (morning sales)
    Income: ₹230 (evening sales)
    Expense: ₹110 (posters)
    Expense: ₹140 (ribbon)
    What is the profit (in ₹)?
39. 39.📒 Income or expense: a card order paid? (a) expense (b) income
40. 40.True or false: “tutoring fees received” is income (money in). (a) True (b) False

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