Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 319 · 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.🧾 What should you keep after buying supplies? (a) the bill or receipt (b) only the bag (c) nothing (d) a selfie
2. 2.Zoya’s record for the day:
   Income: ₹430 (morning sales)
   Income: ₹30 (evening sales)
   Expense: ₹190 (stall fee)
   Expense: ₹50 (card paper)
   What is the profit (in ₹)?
3. 3.📅 When is the best time to update your records? (a) whenever you like (b) once a year (c) never (d) the same day
4. 4.True or false: “printing posters” is income (money in). (a) False (b) True
5. 5.Vihaan’s record for a rainy day:
   Income: ₹90 (sales)
   Expense: ₹80 (paper cups)
   Expense: ₹90 (lemons)
   How much is the loss (in ₹)?
6. 6.True or false: “money from sales” is income (money in). (a) False (b) True
7. 7.📒 Income or expense: a card order paid? (a) income (b) expense
8. 8.Kabir’s income was ₹190 and the profit was ₹40. One expense was ₹50 (card paper). How much was the other expense, for lemons (in ₹)?
9. 9.Farhan’s record for a rainy day:
   Income: ₹270 (sales)
   Expense: ₹70 (lemons)
   Expense: ₹210 (paper cups)
   How much is the loss (in ₹)?
10. 10.📒 Why write down every sale and cost? (a) to look busy (b) to know the real profit (c) no reason (d) to fill a notebook
11. 11.True or false: “paying the stall fee” is an expense (money out). (a) False (b) True
12. 12.📒 Income or expense: tutoring fees received? (a) expense (b) income
13. 13.True or false: “tutoring fees received” is an expense (money out). (a) True (b) False
14. 14.Gurpreet’s stall took in ₹300 on Friday, ₹110 on Saturday and ₹380 on Sunday. What was the total income (in ₹)?
15. 15.Tara’s record for a rainy day:
    Income: ₹90 (sales)
    Expense: ₹40 (paper cups)
    Expense: ₹120 (lemons)
    How much is the loss (in ₹)?
16. 16.Ishaan’s income was ₹120 and the profit was ₹20. One expense was ₹30 (posters). How much was the other expense, for lemons (in ₹)?
17. 17.True or false: “bus fare to the market” is income (money in). (a) True (b) False
18. 18.Which of these is an expense (money out)? (a) tutoring fees received (b) a card order paid (c) cash from selling plants (d) paying the stall fee
19. 19.True or false: “bus fare to the market” is an expense (money out). (a) False (b) True
20. 20.Diya’s income was ₹180 and the profit was ₹90. One expense was ₹10 (transport). How much was the other expense, for card paper (in ₹)?
21. 21.True or false: “tutoring fees received” is income (money in). (a) False (b) True
22. 22.Which of these is income (money in)? (a) bus fare to the market (b) paying the stall fee (c) printing posters (d) cash from selling plants
23. 23.True or false: “payment for a cake order” is an expense (money out). (a) True (b) False
24. 24.Ananya’s record for a rainy day:
    Income: ₹130 (sales)
    Expense: ₹170 (card paper)
    Expense: ₹10 (posters)
    How much is the loss (in ₹)?
25. 25.📒 Income or expense: cash from selling plants? (a) expense (b) income
26. 26.Arjun’s record for a rainy day:
    Income: ₹70 (sales)
    Expense: ₹80 (lemons)
    Expense: ₹80 (posters)
    How much is the loss (in ₹)?
27. 27.Tara’s income was ₹310 and the profit was ₹260. One expense was ₹40 (stall fee). How much was the other expense, for lemons (in ₹)?
28. 28.📒 Income or expense: buying paper cups? (a) expense (b) income
29. 29.Riya’s record for the day:
    Income: ₹410 (morning sales)
    Income: ₹30 (evening sales)
    Expense: ₹190 (posters)
    Expense: ₹180 (transport)
    What is the profit (in ₹)?
30. 30.Which of these is income (money in)? (a) paying the stall fee (b) buying lemons (c) buying paper cups (d) payment for a cake order
31. 31.Zoya’s stall took in ₹340 on Friday, ₹310 on Saturday and ₹60 on Sunday. What was the total income (in ₹)?
32. 32.Arjun’s record for a rainy day:
    Income: ₹50 (sales)
    Expense: ₹20 (lemons)
    Expense: ₹90 (stall fee)
    How much is the loss (in ₹)?
33. 33.Aarav’s income was ₹400 and the profit was ₹70. One expense was ₹10 (card paper). How much was the other expense, for paper cups (in ₹)?
34. 34.Dev’s stall took in ₹310 on Friday, ₹160 on Saturday and ₹240 on Sunday. What was the total income (in ₹)?
35. 35.Diya’s record for a rainy day:
    Income: ₹230 (sales)
    Expense: ₹130 (lemons)
    Expense: ₹200 (posters)
    How much is the loss (in ₹)?
36. 36.Rohan’s income was ₹410 and the profit was ₹260. One expense was ₹100 (paper cups). How much was the other expense, for card paper (in ₹)?
37. 37.Aarav’s record for the day:
    Income: ₹270 (morning sales)
    Income: ₹10 (evening sales)
    Expense: ₹60 (transport)
    Expense: ₹160 (card paper)
    What is the profit (in ₹)?
38. 38.Kavya’s record for a rainy day:
    Income: ₹70 (sales)
    Expense: ₹20 (paper cups)
    Expense: ₹70 (card paper)
    How much is the loss (in ₹)?
39. 39.True or false: “a card order paid” is an expense (money out). (a) False (b) True
40. 40.📒 Income or expense: printing posters? (a) income (b) expense

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