Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 33 · 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.Rohan’s stall took in ₹130 on Friday, ₹250 on Saturday and ₹100 on Sunday. What was the total income (in ₹)?
2. 2.Vihaan’s record for the day:
   Income: ₹50 (morning sales)
   Income: ₹210 (evening sales)
   Expense: ₹70 (card paper)
   Expense: ₹100 (ribbon)
   What is the profit (in ₹)?
3. 3.Tara’s stall took in ₹340 on Friday, ₹360 on Saturday and ₹320 on Sunday. What was the total income (in ₹)?
4. 4.Aarav’s income was ₹350 and the profit was ₹30. One expense was ₹180 (sugar). How much was the other expense, for ribbon (in ₹)?
5. 5.Aarav’s record for the day:
   Income: ₹450 (morning sales)
   Income: ₹10 (evening sales)
   Expense: ₹50 (posters)
   Expense: ₹120 (transport)
   What is the profit (in ₹)?
6. 6.Ishaan’s stall took in ₹300 on Friday, ₹100 on Saturday and ₹100 on Sunday. What was the total income (in ₹)?
7. 7.Meera’s stall took in ₹90 on Friday, ₹330 on Saturday and ₹90 on Sunday. What was the total income (in ₹)?
8. 8.📅 When is the best time to update your records? (a) whenever you like (b) once a year (c) the same day (d) never
9. 9.Tara’s stall took in ₹400 on Friday, ₹350 on Saturday and ₹60 on Sunday. What was the total income (in ₹)?
10. 10.📒 Why write down every sale and cost? (a) to fill a notebook (b) no reason (c) to look busy (d) to know the real profit
11. 11.Zoya’s record for a rainy day:
    Income: ₹90 (sales)
    Expense: ₹20 (ribbon)
    Expense: ₹80 (lemons)
    How much is the loss (in ₹)?
12. 12.Ananya’s stall took in ₹340 on Friday, ₹200 on Saturday and ₹200 on Sunday. What was the total income (in ₹)?
13. 13.Joseph’s record for the day:
    Income: ₹170 (morning sales)
    Income: ₹100 (evening sales)
    Expense: ₹40 (posters)
    Expense: ₹110 (stall fee)
    What is the profit (in ₹)?
14. 14.Which of these is income (money in)? (a) payment for a cake order (b) paying the stall fee (c) printing posters (d) buying paper cups
15. 15.True or false: “cash from selling plants” is an expense (money out). (a) True (b) False
16. 16.Aarav’s record for a rainy day:
    Income: ₹190 (sales)
    Expense: ₹30 (lemons)
    Expense: ₹220 (card paper)
    How much is the loss (in ₹)?
17. 17.True or false: “paying the stall fee” is income (money in). (a) True (b) False
18. 18.Ananya’s income was ₹440 and the profit was ₹80. One expense was ₹120 (sugar). How much was the other expense, for paper cups (in ₹)?
19. 19.Farhan’s record for the day:
    Income: ₹80 (morning sales)
    Income: ₹550 (evening sales)
    Expense: ₹200 (lemons)
    Expense: ₹160 (stall fee)
    What is the profit (in ₹)?
20. 20.Nisha’s income was ₹410 and the profit was ₹200. One expense was ₹130 (stall fee). How much was the other expense, for lemons (in ₹)?
21. 21.📒 Income or expense: paying the stall fee? (a) income (b) expense
22. 22.🧾 What should you keep after buying supplies? (a) only the bag (b) nothing (c) the bill or receipt (d) a selfie
23. 23.📒 Income or expense: tutoring fees received? (a) expense (b) income
24. 24.📒 Income or expense: bus fare to the market? (a) income (b) expense
25. 25.Which of these is an expense (money out)? (a) a card order paid (b) payment for a cake order (c) buying lemons (d) money from sales
26. 26.True or false: “buying lemons” is an expense (money out). (a) False (b) True
27. 27.Which of these is an expense (money out)? (a) payment for a cake order (b) cash from selling plants (c) buying paper cups (d) money from sales
28. 28.Saanvi’s income was ₹420 and the profit was ₹270. One expense was ₹10 (paper cups). How much was the other expense, for sugar (in ₹)?
29. 29.📒 Income or expense: cash from selling plants? (a) expense (b) income
30. 30.📒 Income or expense: buying paper cups? (a) expense (b) income
31. 31.Ananya’s record for the day:
    Income: ₹100 (morning sales)
    Income: ₹290 (evening sales)
    Expense: ₹80 (card paper)
    Expense: ₹180 (lemons)
    What is the profit (in ₹)?
32. 32.True or false: “buying lemons” is income (money in). (a) True (b) False
33. 33.Rohan’s income was ₹140 and the profit was ₹50. One expense was ₹60 (transport). How much was the other expense, for posters (in ₹)?
34. 34.Vihaan’s record for the day:
    Income: ₹290 (morning sales)
    Income: ₹40 (evening sales)
    Expense: ₹40 (lemons)
    Expense: ₹140 (ribbon)
    What is the profit (in ₹)?
35. 35.📒 Income or expense: buying lemons? (a) income (b) expense
36. 36.Which of these is income (money in)? (a) buying lemons (b) money from sales (c) printing posters (d) buying paper cups
37. 37.Ananya’s record for a rainy day:
    Income: ₹80 (sales)
    Expense: ₹100 (stall fee)
    Expense: ₹30 (posters)
    How much is the loss (in ₹)?
38. 38.Ananya’s record for the day:
    Income: ₹50 (morning sales)
    Income: ₹300 (evening sales)
    Expense: ₹140 (card paper)
    Expense: ₹30 (ribbon)
    What is the profit (in ₹)?
39. 39.Dev’s stall took in ₹400 on Friday, ₹80 on Saturday and ₹180 on Sunday. What was the total income (in ₹)?
40. 40.Arjun’s record for a rainy day:
    Income: ₹140 (sales)
    Expense: ₹130 (stall fee)
    Expense: ₹80 (posters)
    How much is the loss (in ₹)?

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