Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 301 · 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.Joseph’s income was ₹270 and the profit was ₹90. One expense was ₹90 (card paper). How much was the other expense, for stall fee (in ₹)?
2. 2.Gurpreet’s income was ₹240 and the profit was ₹10. One expense was ₹30 (paper cups). How much was the other expense, for lemons (in ₹)?
3. 3.Diya’s record for the day:
   Income: ₹400 (morning sales)
   Income: ₹90 (evening sales)
   Expense: ₹20 (paper cups)
   Expense: ₹180 (sugar)
   What is the profit (in ₹)?
4. 4.Arjun’s record for the day:
   Income: ₹80 (morning sales)
   Income: ₹20 (evening sales)
   Expense: ₹70 (ribbon)
   Expense: ₹20 (lemons)
   What is the profit (in ₹)?
5. 5.Farhan’s income was ₹130 and the profit was ₹10. One expense was ₹90 (stall fee). How much was the other expense, for paper cups (in ₹)?
6. 6.📅 When is the best time to update your records? (a) once a year (b) the same day (c) never (d) whenever you like
7. 7.Rohan’s stall took in ₹310 on Friday, ₹230 on Saturday and ₹70 on Sunday. What was the total income (in ₹)?
8. 8.Vihaan’s income was ₹340 and the profit was ₹70. One expense was ₹10 (posters). How much was the other expense, for paper cups (in ₹)?
9. 9.Nisha’s stall took in ₹340 on Friday, ₹250 on Saturday and ₹70 on Sunday. What was the total income (in ₹)?
10. 10.Riya’s income was ₹350 and the profit was ₹290. One expense was ₹30 (paper cups). How much was the other expense, for posters (in ₹)?
11. 11.📒 Income or expense: a card order paid? (a) expense (b) income
12. 12.Ishaan’s stall took in ₹100 on Friday, ₹250 on Saturday and ₹240 on Sunday. What was the total income (in ₹)?
13. 13.Dev’s record for the day:
    Income: ₹10 (morning sales)
    Income: ₹410 (evening sales)
    Expense: ₹200 (lemons)
    Expense: ₹70 (stall fee)
    What is the profit (in ₹)?
14. 14.Rohan’s record for a rainy day:
    Income: ₹60 (sales)
    Expense: ₹50 (paper cups)
    Expense: ₹60 (card paper)
    How much is the loss (in ₹)?
15. 15.📒 Income or expense: bus fare to the market? (a) income (b) expense
16. 16.📒 Income or expense: paying the stall fee? (a) income (b) expense
17. 17.Which of these is an expense (money out)? (a) tutoring fees received (b) money from sales (c) buying paper cups (d) cash from selling plants
18. 18.📒 Income or expense: money from sales? (a) expense (b) income
19. 19.📒 Why write down every sale and cost? (a) no reason (b) to fill a notebook (c) to look busy (d) to know the real profit
20. 20.True or false: “printing posters” is income (money in). (a) False (b) True
21. 21.Nisha’s income was ₹240 and the profit was ₹90. One expense was ₹10 (paper cups). How much was the other expense, for transport (in ₹)?
22. 22.Which of these is income (money in)? (a) buying paper cups (b) paying the stall fee (c) buying lemons (d) money from sales
23. 23.Arjun’s record for a rainy day:
    Income: ₹280 (sales)
    Expense: ₹230 (lemons)
    Expense: ₹110 (transport)
    How much is the loss (in ₹)?
24. 24.True or false: “paying the stall fee” is income (money in). (a) False (b) True
25. 25.🧾 What should you keep after buying supplies? (a) nothing (b) the bill or receipt (c) only the bag (d) a selfie
26. 26.Vihaan’s record for the day:
    Income: ₹380 (morning sales)
    Income: ₹90 (evening sales)
    Expense: ₹110 (stall fee)
    Expense: ₹90 (ribbon)
    What is the profit (in ₹)?
27. 27.📒 Income or expense: printing posters? (a) income (b) expense
28. 28.True or false: “buying paper cups” is income (money in). (a) True (b) False
29. 29.Which of these is income (money in)? (a) bus fare to the market (b) printing posters (c) paying the stall fee (d) tutoring fees received
30. 30.Which of these is an expense (money out)? (a) cash from selling plants (b) printing posters (c) tutoring fees received (d) a card order paid
31. 31.Kabir’s record for a rainy day:
    Income: ₹280 (sales)
    Expense: ₹320 (posters)
    Expense: ₹20 (stall fee)
    How much is the loss (in ₹)?
32. 32.Kavya’s stall took in ₹300 on Friday, ₹390 on Saturday and ₹150 on Sunday. What was the total income (in ₹)?
33. 33.Aarav’s record for the day:
    Income: ₹130 (morning sales)
    Income: ₹60 (evening sales)
    Expense: ₹40 (lemons)
    Expense: ₹130 (paper cups)
    What is the profit (in ₹)?
34. 34.Vihaan’s record for the day:
    Income: ₹380 (morning sales)
    Income: ₹40 (evening sales)
    Expense: ₹160 (stall fee)
    Expense: ₹120 (card paper)
    What is the profit (in ₹)?
35. 35.Meera’s record for a rainy day:
    Income: ₹190 (sales)
    Expense: ₹240 (sugar)
    Expense: ₹40 (lemons)
    How much is the loss (in ₹)?
36. 36.Meera’s record for the day:
    Income: ₹140 (morning sales)
    Income: ₹210 (evening sales)
    Expense: ₹40 (ribbon)
    Expense: ₹150 (posters)
    What is the profit (in ₹)?
37. 37.Dev’s record for the day:
    Income: ₹180 (morning sales)
    Income: ₹130 (evening sales)
    Expense: ₹150 (posters)
    Expense: ₹100 (lemons)
    What is the profit (in ₹)?
38. 38.True or false: “a card order paid” is income (money in). (a) False (b) True
39. 39.Farhan’s record for the day:
    Income: ₹60 (morning sales)
    Income: ₹30 (evening sales)
    Expense: ₹30 (paper cups)
    Expense: ₹40 (stall fee)
    What is the profit (in ₹)?
40. 40.Meera’s record for the day:
    Income: ₹20 (morning sales)
    Income: ₹210 (evening sales)
    Expense: ₹50 (sugar)
    Expense: ₹40 (posters)
    What is the profit (in ₹)?

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