Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 344 · 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.Aarav’s record for the day:
   Income: ₹100 (morning sales)
   Income: ₹410 (evening sales)
   Expense: ₹130 (lemons)
   Expense: ₹80 (stall fee)
   What is the profit (in ₹)?
2. 2.Lakshmi’s income was ₹310 and the profit was ₹40. One expense was ₹60 (stall fee). How much was the other expense, for sugar (in ₹)?
3. 3.Diya’s stall took in ₹50 on Friday, ₹80 on Saturday and ₹90 on Sunday. What was the total income (in ₹)?
4. 4.➖ Profit in your records = (a) income + expenses (b) income − expenses (c) expenses − income (d) just the income
5. 5.📒 Income or expense: money from sales? (a) expense (b) income
6. 6.Diya’s income was ₹130 and the profit was ₹30. One expense was ₹20 (sugar). How much was the other expense, for posters (in ₹)?
7. 7.Dev’s income was ₹240 and the profit was ₹40. One expense was ₹60 (paper cups). How much was the other expense, for lemons (in ₹)?
8. 8.Tara’s income was ₹130 and the profit was ₹110. One expense was ₹10 (ribbon). How much was the other expense, for lemons (in ₹)?
9. 9.Kavya’s income was ₹290 and the profit was ₹50. One expense was ₹40 (posters). How much was the other expense, for ribbon (in ₹)?
10. 10.📒 Why write down every sale and cost? (a) to look busy (b) to fill a notebook (c) to know the real profit (d) no reason
11. 11.📒 Income or expense: payment for a cake order? (a) expense (b) income
12. 12.🧾 What should you keep after buying supplies? (a) only the bag (b) the bill or receipt (c) nothing (d) a selfie
13. 13.Which of these is income (money in)? (a) paying the stall fee (b) money from sales (c) bus fare to the market (d) buying paper cups
14. 14.Which of these is income (money in)? (a) buying lemons (b) paying the stall fee (c) bus fare to the market (d) a card order paid
15. 15.📒 Income or expense: bus fare to the market? (a) expense (b) income
16. 16.Which of these is an expense (money out)? (a) money from sales (b) cash from selling plants (c) tutoring fees received (d) paying the stall fee
17. 17.📒 Income or expense: buying lemons? (a) income (b) expense
18. 18.Meera’s record for a rainy day:
    Income: ₹70 (sales)
    Expense: ₹100 (stall fee)
    Expense: ₹10 (transport)
    How much is the loss (in ₹)?
19. 19.Aarav’s record for a rainy day:
    Income: ₹100 (sales)
    Expense: ₹100 (transport)
    Expense: ₹70 (card paper)
    How much is the loss (in ₹)?
20. 20.Dev’s record for the day:
    Income: ₹170 (morning sales)
    Income: ₹140 (evening sales)
    Expense: ₹90 (transport)
    Expense: ₹190 (paper cups)
    What is the profit (in ₹)?
21. 21.Ananya’s record for the day:
    Income: ₹30 (morning sales)
    Income: ₹290 (evening sales)
    Expense: ₹90 (lemons)
    Expense: ₹140 (sugar)
    What is the profit (in ₹)?
22. 22.True or false: “bus fare to the market” is income (money in). (a) True (b) False
23. 23.Ishaan’s income was ₹180 and the profit was ₹150. One expense was ₹10 (posters). How much was the other expense, for paper cups (in ₹)?
24. 24.Which of these is income (money in)? (a) buying paper cups (b) cash from selling plants (c) printing posters (d) buying lemons
25. 25.Gurpreet’s stall took in ₹60 on Friday, ₹200 on Saturday and ₹160 on Sunday. What was the total income (in ₹)?
26. 26.Rohan’s record for a rainy day:
    Income: ₹170 (sales)
    Expense: ₹240 (ribbon)
    Expense: ₹20 (sugar)
    How much is the loss (in ₹)?
27. 27.Diya’s stall took in ₹230 on Friday, ₹270 on Saturday and ₹140 on Sunday. What was the total income (in ₹)?
28. 28.True or false: “money from sales” is income (money in). (a) False (b) True
29. 29.True or false: “a card order paid” is an expense (money out). (a) True (b) False
30. 30.Meera’s stall took in ₹160 on Friday, ₹180 on Saturday and ₹50 on Sunday. What was the total income (in ₹)?
31. 31.Gurpreet’s record for a rainy day:
    Income: ₹80 (sales)
    Expense: ₹110 (card paper)
    Expense: ₹10 (stall fee)
    How much is the loss (in ₹)?
32. 32.Which of these is income (money in)? (a) buying paper cups (b) tutoring fees received (c) bus fare to the market (d) printing posters
33. 33.Aarav’s income was ₹420 and the profit was ₹270. One expense was ₹40 (stall fee). How much was the other expense, for sugar (in ₹)?
34. 34.Lakshmi’s stall took in ₹130 on Friday, ₹130 on Saturday and ₹400 on Sunday. What was the total income (in ₹)?
35. 35.Arjun’s stall took in ₹130 on Friday, ₹200 on Saturday and ₹380 on Sunday. What was the total income (in ₹)?
36. 36.Which of these is an expense (money out)? (a) a card order paid (b) tutoring fees received (c) buying lemons (d) cash from selling plants
37. 37.Kabir’s record for the day:
    Income: ₹170 (morning sales)
    Income: ₹60 (evening sales)
    Expense: ₹140 (paper cups)
    Expense: ₹20 (card paper)
    What is the profit (in ₹)?
38. 38.Dev’s stall took in ₹50 on Friday, ₹180 on Saturday and ₹370 on Sunday. What was the total income (in ₹)?
39. 39.📒 Income or expense: cash from selling plants? (a) expense (b) income
40. 40.📒 Income or expense: paying the stall fee? (a) expense (b) income

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