Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 330 · 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 ₹190 on Friday, ₹180 on Saturday and ₹70 on Sunday. What was the total income (in ₹)?
2. 2.Farhan’s income was ₹110 and the profit was ₹30. One expense was ₹20 (transport). How much was the other expense, for sugar (in ₹)?
3. 3.Rohan’s record for the day:
   Income: ₹210 (morning sales)
   Income: ₹180 (evening sales)
   Expense: ₹180 (card paper)
   Expense: ₹20 (sugar)
   What is the profit (in ₹)?
4. 4.📒 Income or expense: paying the stall fee? (a) income (b) expense
5. 5.📒 Income or expense: printing posters? (a) expense (b) income
6. 6.Farhan’s income was ₹460 and the profit was ₹100. One expense was ₹180 (posters). How much was the other expense, for ribbon (in ₹)?
7. 7.📒 Income or expense: payment for a cake order? (a) income (b) expense
8. 8.🧾 What should you keep after buying supplies? (a) only the bag (b) a selfie (c) the bill or receipt (d) nothing
9. 9.True or false: “buying paper cups” is income (money in). (a) True (b) False
10. 10.📒 Income or expense: bus fare to the market? (a) expense (b) income
11. 11.Which of these is an expense (money out)? (a) cash from selling plants (b) buying lemons (c) payment for a cake order (d) tutoring fees received
12. 12.Kabir’s income was ₹320 and the profit was ₹280. One expense was ₹30 (stall fee). How much was the other expense, for sugar (in ₹)?
13. 13.Kavya’s record for the day:
    Income: ₹290 (morning sales)
    Income: ₹80 (evening sales)
    Expense: ₹150 (ribbon)
    Expense: ₹170 (card paper)
    What is the profit (in ₹)?
14. 14.Ananya’s income was ₹440 and the profit was ₹80. One expense was ₹330 (sugar). How much was the other expense, for card paper (in ₹)?
15. 15.📒 Why write down every sale and cost? (a) to look busy (b) to know the real profit (c) to fill a notebook (d) no reason
16. 16.True or false: “money from sales” is an expense (money out). (a) False (b) True
17. 17.Diya’s record for the day:
    Income: ₹20 (morning sales)
    Income: ₹200 (evening sales)
    Expense: ₹60 (transport)
    Expense: ₹110 (paper cups)
    What is the profit (in ₹)?
18. 18.True or false: “money from sales” is income (money in). (a) False (b) True
19. 19.📒 Income or expense: buying lemons? (a) expense (b) income
20. 20.True or false: “paying the stall fee” is an expense (money out). (a) False (b) True
21. 21.Ananya’s income was ₹350 and the profit was ₹90. One expense was ₹40 (ribbon). How much was the other expense, for paper cups (in ₹)?
22. 22.Farhan’s record for a rainy day:
    Income: ₹60 (sales)
    Expense: ₹70 (ribbon)
    Expense: ₹60 (card paper)
    How much is the loss (in ₹)?
23. 23.Vihaan’s income was ₹470 and the profit was ₹40. One expense was ₹320 (ribbon). How much was the other expense, for posters (in ₹)?
24. 24.Aarav’s record for the day:
    Income: ₹140 (morning sales)
    Income: ₹290 (evening sales)
    Expense: ₹40 (card paper)
    Expense: ₹180 (stall fee)
    What is the profit (in ₹)?
25. 25.Which of these is income (money in)? (a) printing posters (b) paying the stall fee (c) cash from selling plants (d) bus fare to the market
26. 26.True or false: “printing posters” is an expense (money out). (a) True (b) False
27. 27.📒 Income or expense: money from sales? (a) income (b) expense
28. 28.Which of these is an expense (money out)? (a) bus fare to the market (b) payment for a cake order (c) tutoring fees received (d) money from sales
29. 29.Which of these is an expense (money out)? (a) paying the stall fee (b) money from sales (c) cash from selling plants (d) payment for a cake order
30. 30.True or false: “cash from selling plants” is an expense (money out). (a) True (b) False
31. 31.Nisha’s stall took in ₹390 on Friday, ₹80 on Saturday and ₹130 on Sunday. What was the total income (in ₹)?
32. 32.Ananya’s stall took in ₹240 on Friday, ₹50 on Saturday and ₹130 on Sunday. What was the total income (in ₹)?
33. 33.Joseph’s record for the day:
    Income: ₹60 (morning sales)
    Income: ₹280 (evening sales)
    Expense: ₹30 (lemons)
    Expense: ₹60 (ribbon)
    What is the profit (in ₹)?
34. 34.Meera’s stall took in ₹250 on Friday, ₹100 on Saturday and ₹90 on Sunday. What was the total income (in ₹)?
35. 35.Joseph’s income was ₹310 and the profit was ₹20. One expense was ₹20 (transport). How much was the other expense, for ribbon (in ₹)?
36. 36.Arjun’s record for a rainy day:
    Income: ₹90 (sales)
    Expense: ₹60 (ribbon)
    Expense: ₹40 (card paper)
    How much is the loss (in ₹)?
37. 37.📒 Income or expense: cash from selling plants? (a) expense (b) income
38. 38.Lakshmi’s income was ₹330 and the profit was ₹40. One expense was ₹120 (sugar). How much was the other expense, for lemons (in ₹)?
39. 39.True or false: “bus fare to the market” is income (money in). (a) True (b) False
40. 40.True or false: “tutoring fees received” is an expense (money out). (a) True (b) False

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