Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 341 · 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.Kabir’s record for a rainy day:
   Income: ₹240 (sales)
   Expense: ₹230 (sugar)
   Expense: ₹50 (paper cups)
   How much is the loss (in ₹)?
2. 2.📒 Income or expense: tutoring fees received? (a) income (b) expense
3. 3.Which of these is an expense (money out)? (a) buying paper cups (b) money from sales (c) payment for a cake order (d) a card order paid
4. 4.Lakshmi’s record for a rainy day:
   Income: ₹180 (sales)
   Expense: ₹150 (posters)
   Expense: ₹100 (stall fee)
   How much is the loss (in ₹)?
5. 5.Aarav’s income was ₹400 and the profit was ₹280. One expense was ₹20 (lemons). How much was the other expense, for card paper (in ₹)?
6. 6.📒 Income or expense: buying paper cups? (a) income (b) expense
7. 7.Ishaan’s record for the day:
   Income: ₹140 (morning sales)
   Income: ₹110 (evening sales)
   Expense: ₹160 (paper cups)
   Expense: ₹50 (lemons)
   What is the profit (in ₹)?
8. 8.Which of these is income (money in)? (a) bus fare to the market (b) buying lemons (c) buying paper cups (d) tutoring fees received
9. 9.📒 Income or expense: buying lemons? (a) expense (b) income
10. 10.📒 Income or expense: printing posters? (a) expense (b) income
11. 11.Saanvi’s record for the day:
    Income: ₹90 (morning sales)
    Income: ₹340 (evening sales)
    Expense: ₹80 (ribbon)
    Expense: ₹110 (paper cups)
    What is the profit (in ₹)?
12. 12.Arjun’s stall took in ₹290 on Friday, ₹390 on Saturday and ₹60 on Sunday. What was the total income (in ₹)?
13. 13.True or false: “money from sales” is an expense (money out). (a) True (b) False
14. 14.True or false: “buying lemons” is income (money in). (a) False (b) True
15. 15.📒 Income or expense: payment for a cake order? (a) income (b) expense
16. 16.Gurpreet’s record for the day:
    Income: ₹310 (morning sales)
    Income: ₹60 (evening sales)
    Expense: ₹50 (lemons)
    Expense: ₹130 (sugar)
    What is the profit (in ₹)?
17. 17.True or false: “money from sales” is income (money in). (a) True (b) False
18. 18.Kabir’s record for the day:
    Income: ₹60 (morning sales)
    Income: ₹180 (evening sales)
    Expense: ₹100 (sugar)
    Expense: ₹60 (ribbon)
    What is the profit (in ₹)?
19. 19.Farhan’s record for a rainy day:
    Income: ₹120 (sales)
    Expense: ₹30 (transport)
    Expense: ₹180 (card paper)
    How much is the loss (in ₹)?
20. 20.Which of these is an expense (money out)? (a) a card order paid (b) buying lemons (c) money from sales (d) cash from selling plants
21. 21.Meera’s record for the day:
    Income: ₹90 (morning sales)
    Income: ₹190 (evening sales)
    Expense: ₹140 (transport)
    Expense: ₹50 (paper cups)
    What is the profit (in ₹)?
22. 22.Tara’s stall took in ₹130 on Friday, ₹290 on Saturday and ₹220 on Sunday. What was the total income (in ₹)?
23. 23.Nisha’s record for a rainy day:
    Income: ₹130 (sales)
    Expense: ₹90 (card paper)
    Expense: ₹110 (stall fee)
    How much is the loss (in ₹)?
24. 24.Ananya’s income was ₹380 and the profit was ₹10. One expense was ₹280 (posters). How much was the other expense, for ribbon (in ₹)?
25. 25.True or false: “buying lemons” is an expense (money out). (a) False (b) True
26. 26.Which of these is an expense (money out)? (a) money from sales (b) printing posters (c) a card order paid (d) cash from selling plants
27. 27.🧾 What should you keep after buying supplies? (a) a selfie (b) nothing (c) the bill or receipt (d) only the bag
28. 28.Gurpreet’s record for a rainy day:
    Income: ₹120 (sales)
    Expense: ₹170 (lemons)
    Expense: ₹10 (posters)
    How much is the loss (in ₹)?
29. 29.Saanvi’s record for the day:
    Income: ₹410 (morning sales)
    Income: ₹120 (evening sales)
    Expense: ₹190 (transport)
    Expense: ₹140 (lemons)
    What is the profit (in ₹)?
30. 30.Farhan’s record for a rainy day:
    Income: ₹240 (sales)
    Expense: ₹140 (transport)
    Expense: ₹130 (posters)
    How much is the loss (in ₹)?
31. 31.Nisha’s stall took in ₹190 on Friday, ₹350 on Saturday and ₹180 on Sunday. What was the total income (in ₹)?
32. 32.Rohan’s stall took in ₹160 on Friday, ₹80 on Saturday and ₹160 on Sunday. What was the total income (in ₹)?
33. 33.Diya’s income was ₹190 and the profit was ₹120. One expense was ₹40 (posters). How much was the other expense, for sugar (in ₹)?
34. 34.Riya’s income was ₹130 and the profit was ₹60. One expense was ₹30 (sugar). How much was the other expense, for posters (in ₹)?
35. 35.Lakshmi’s record for a rainy day:
    Income: ₹60 (sales)
    Expense: ₹40 (transport)
    Expense: ₹50 (ribbon)
    How much is the loss (in ₹)?
36. 36.Which of these is an expense (money out)? (a) tutoring fees received (b) payment for a cake order (c) paying the stall fee (d) cash from selling plants
37. 37.Which of these is an expense (money out)? (a) bus fare to the market (b) cash from selling plants (c) tutoring fees received (d) payment for a cake order
38. 38.Nisha’s income was ₹500 and the profit was ₹480. One expense was ₹10 (lemons). How much was the other expense, for posters (in ₹)?
39. 39.Ananya’s record for the day:
    Income: ₹150 (morning sales)
    Income: ₹140 (evening sales)
    Expense: ₹20 (card paper)
    Expense: ₹200 (ribbon)
    What is the profit (in ₹)?
40. 40.True or false: “printing posters” is income (money in). (a) True (b) False

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