Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 346 · 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.Kavya’s record for the day:
   Income: ₹160 (morning sales)
   Income: ₹160 (evening sales)
   Expense: ₹170 (lemons)
   Expense: ₹80 (stall fee)
   What is the profit (in ₹)?
2. 2.📒 Income or expense: tutoring fees received? (a) income (b) expense
3. 3.Farhan’s income was ₹370 and the profit was ₹230. One expense was ₹20 (paper cups). How much was the other expense, for sugar (in ₹)?
4. 4.📅 When is the best time to update your records? (a) whenever you like (b) the same day (c) once a year (d) never
5. 5.Arjun’s income was ₹350 and the profit was ₹150. One expense was ₹120 (paper cups). How much was the other expense, for sugar (in ₹)?
6. 6.Meera’s stall took in ₹380 on Friday, ₹120 on Saturday and ₹280 on Sunday. What was the total income (in ₹)?
7. 7.Which of these is income (money in)? (a) paying the stall fee (b) bus fare to the market (c) printing posters (d) tutoring fees received
8. 8.📒 Income or expense: a card order paid? (a) income (b) expense
9. 9.📒 Income or expense: paying the stall fee? (a) expense (b) income
10. 10.Vihaan’s income was ₹350 and the profit was ₹240. One expense was ₹100 (posters). How much was the other expense, for card paper (in ₹)?
11. 11.True or false: “cash from selling plants” is an expense (money out). (a) True (b) False
12. 12.Lakshmi’s record for the day:
    Income: ₹150 (morning sales)
    Income: ₹20 (evening sales)
    Expense: ₹80 (ribbon)
    Expense: ₹80 (transport)
    What is the profit (in ₹)?
13. 13.True or false: “money from sales” is an expense (money out). (a) False (b) True
14. 14.Dev’s stall took in ₹330 on Friday, ₹160 on Saturday and ₹390 on Sunday. What was the total income (in ₹)?
15. 15.Nisha’s record for a rainy day:
    Income: ₹130 (sales)
    Expense: ₹70 (card paper)
    Expense: ₹90 (ribbon)
    How much is the loss (in ₹)?
16. 16.True or false: “payment for a cake order” is income (money in). (a) False (b) True
17. 17.Farhan’s record for a rainy day:
    Income: ₹80 (sales)
    Expense: ₹130 (lemons)
    Expense: ₹20 (paper cups)
    How much is the loss (in ₹)?
18. 18.True or false: “a card order paid” is income (money in). (a) False (b) True
19. 19.True or false: “buying paper cups” is income (money in). (a) True (b) False
20. 20.Riya’s stall took in ₹220 on Friday, ₹130 on Saturday and ₹240 on Sunday. What was the total income (in ₹)?
21. 21.Which of these is an expense (money out)? (a) money from sales (b) tutoring fees received (c) paying the stall fee (d) cash from selling plants
22. 22.Which of these is income (money in)? (a) bus fare to the market (b) money from sales (c) printing posters (d) buying paper cups
23. 23.Ishaan’s stall took in ₹260 on Friday, ₹50 on Saturday and ₹380 on Sunday. What was the total income (in ₹)?
24. 24.Tara’s income was ₹390 and the profit was ₹240. One expense was ₹30 (stall fee). How much was the other expense, for paper cups (in ₹)?
25. 25.Zoya’s record for the day:
    Income: ₹50 (morning sales)
    Income: ₹250 (evening sales)
    Expense: ₹80 (transport)
    Expense: ₹190 (ribbon)
    What is the profit (in ₹)?
26. 26.📒 Income or expense: buying paper cups? (a) income (b) expense
27. 27.Meera’s record for the day:
    Income: ₹220 (morning sales)
    Income: ₹130 (evening sales)
    Expense: ₹100 (transport)
    Expense: ₹170 (card paper)
    What is the profit (in ₹)?
28. 28.📒 Income or expense: money from sales? (a) expense (b) income
29. 29.📒 Income or expense: cash from selling plants? (a) expense (b) income
30. 30.True or false: “paying the stall fee” is income (money in). (a) False (b) True
31. 31.Which of these is income (money in)? (a) paying the stall fee (b) cash from selling plants (c) buying paper cups (d) buying lemons
32. 32.Lakshmi’s record for the day:
    Income: ₹70 (morning sales)
    Income: ₹230 (evening sales)
    Expense: ₹40 (transport)
    Expense: ₹40 (card paper)
    What is the profit (in ₹)?
33. 33.Dev’s record for the day:
    Income: ₹240 (morning sales)
    Income: ₹170 (evening sales)
    Expense: ₹100 (paper cups)
    Expense: ₹30 (transport)
    What is the profit (in ₹)?
34. 34.Ananya’s income was ₹320 and the profit was ₹150. One expense was ₹140 (lemons). How much was the other expense, for stall fee (in ₹)?
35. 35.Joseph’s record for the day:
    Income: ₹40 (morning sales)
    Income: ₹370 (evening sales)
    Expense: ₹20 (ribbon)
    Expense: ₹180 (paper cups)
    What is the profit (in ₹)?
36. 36.Aarav’s record for the day:
    Income: ₹240 (morning sales)
    Income: ₹170 (evening sales)
    Expense: ₹40 (transport)
    Expense: ₹100 (card paper)
    What is the profit (in ₹)?
37. 37.Gurpreet’s record for a rainy day:
    Income: ₹240 (sales)
    Expense: ₹190 (stall fee)
    Expense: ₹110 (paper cups)
    How much is the loss (in ₹)?
38. 38.🧾 What should you keep after buying supplies? (a) only the bag (b) nothing (c) a selfie (d) the bill or receipt
39. 39.Lakshmi’s income was ₹370 and the profit was ₹180. One expense was ₹170 (posters). How much was the other expense, for sugar (in ₹)?
40. 40.Which of these is an expense (money out)? (a) buying lemons (b) cash from selling plants (c) money from sales (d) a card order paid

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