Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 35 · 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.Diya’s record for a rainy day:
   Income: ₹160 (sales)
   Expense: ₹70 (card paper)
   Expense: ₹100 (transport)
   How much is the loss (in ₹)?
2. 2.📒 Income or expense: payment for a cake order? (a) expense (b) income
3. 3.Which of these is income (money in)? (a) bus fare to the market (b) tutoring fees received (c) paying the stall fee (d) printing posters
4. 4.📒 Income or expense: bus fare to the market? (a) expense (b) income
5. 5.Tara’s record for the day:
   Income: ₹60 (morning sales)
   Income: ₹140 (evening sales)
   Expense: ₹30 (paper cups)
   Expense: ₹150 (stall fee)
   What is the profit (in ₹)?
6. 6.Ishaan’s income was ₹240 and the profit was ₹170. One expense was ₹60 (stall fee). How much was the other expense, for card paper (in ₹)?
7. 7.Rohan’s record for the day:
   Income: ₹250 (morning sales)
   Income: ₹80 (evening sales)
   Expense: ₹190 (card paper)
   Expense: ₹40 (lemons)
   What is the profit (in ₹)?
8. 8.Meera’s record for the day:
   Income: ₹90 (morning sales)
   Income: ₹180 (evening sales)
   Expense: ₹70 (paper cups)
   Expense: ₹190 (lemons)
   What is the profit (in ₹)?
9. 9.📅 When is the best time to update your records? (a) never (b) the same day (c) whenever you like (d) once a year
10. 10.Lakshmi’s record for the day:
    Income: ₹160 (morning sales)
    Income: ₹70 (evening sales)
    Expense: ₹70 (sugar)
    Expense: ₹60 (transport)
    What is the profit (in ₹)?
11. 11.True or false: “buying lemons” is income (money in). (a) False (b) True
12. 12.Arjun’s record for a rainy day:
    Income: ₹70 (sales)
    Expense: ₹80 (stall fee)
    Expense: ₹60 (posters)
    How much is the loss (in ₹)?
13. 13.Which of these is an expense (money out)? (a) money from sales (b) buying lemons (c) payment for a cake order (d) cash from selling plants
14. 14.Kabir’s stall took in ₹70 on Friday, ₹270 on Saturday and ₹60 on Sunday. What was the total income (in ₹)?
15. 15.📒 Income or expense: money from sales? (a) expense (b) income
16. 16.True or false: “cash from selling plants” is an expense (money out). (a) False (b) True
17. 17.Ananya’s income was ₹210 and the profit was ₹30. One expense was ₹10 (lemons). How much was the other expense, for posters (in ₹)?
18. 18.Ananya’s record for the day:
    Income: ₹150 (morning sales)
    Income: ₹70 (evening sales)
    Expense: ₹120 (transport)
    Expense: ₹90 (paper cups)
    What is the profit (in ₹)?
19. 19.Diya’s stall took in ₹130 on Friday, ₹260 on Saturday and ₹200 on Sunday. What was the total income (in ₹)?
20. 20.Zoya’s stall took in ₹250 on Friday, ₹400 on Saturday and ₹380 on Sunday. What was the total income (in ₹)?
21. 21.📒 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
22. 22.Diya’s record for the day:
    Income: ₹110 (morning sales)
    Income: ₹70 (evening sales)
    Expense: ₹20 (ribbon)
    Expense: ₹50 (lemons)
    What is the profit (in ₹)?
23. 23.Dev’s stall took in ₹280 on Friday, ₹80 on Saturday and ₹120 on Sunday. What was the total income (in ₹)?
24. 24.True or false: “money from sales” is income (money in). (a) True (b) False
25. 25.Diya’s record for the day:
    Income: ₹190 (morning sales)
    Income: ₹100 (evening sales)
    Expense: ₹120 (lemons)
    Expense: ₹60 (card paper)
    What is the profit (in ₹)?
26. 26.Ishaan’s stall took in ₹220 on Friday, ₹300 on Saturday and ₹70 on Sunday. What was the total income (in ₹)?
27. 27.🧾 What should you keep after buying supplies? (a) a selfie (b) the bill or receipt (c) nothing (d) only the bag
28. 28.📒 Income or expense: tutoring fees received? (a) expense (b) income
29. 29.Lakshmi’s income was ₹320 and the profit was ₹280. One expense was ₹20 (card paper). How much was the other expense, for ribbon (in ₹)?
30. 30.Arjun’s stall took in ₹310 on Friday, ₹330 on Saturday and ₹190 on Sunday. What was the total income (in ₹)?
31. 31.Gurpreet’s income was ₹310 and the profit was ₹200. One expense was ₹10 (posters). How much was the other expense, for card paper (in ₹)?
32. 32.True or false: “buying paper cups” is an expense (money out). (a) True (b) False
33. 33.Vihaan’s stall took in ₹80 on Friday, ₹220 on Saturday and ₹210 on Sunday. What was the total income (in ₹)?
34. 34.Saanvi’s record for a rainy day:
    Income: ₹270 (sales)
    Expense: ₹190 (ribbon)
    Expense: ₹130 (transport)
    How much is the loss (in ₹)?
35. 35.Vihaan’s record for the day:
    Income: ₹40 (morning sales)
    Income: ₹350 (evening sales)
    Expense: ₹200 (sugar)
    Expense: ₹180 (stall fee)
    What is the profit (in ₹)?
36. 36.Rohan’s record for a rainy day:
    Income: ₹220 (sales)
    Expense: ₹100 (paper cups)
    Expense: ₹180 (card paper)
    How much is the loss (in ₹)?
37. 37.📒 Income or expense: a card order paid? (a) expense (b) income
38. 38.True or false: “paying the stall fee” is income (money in). (a) True (b) False
39. 39.Riya’s record for a rainy day:
    Income: ₹260 (sales)
    Expense: ₹70 (paper cups)
    Expense: ₹200 (ribbon)
    How much is the loss (in ₹)?
40. 40.📒 Income or expense: cash from selling plants? (a) expense (b) income

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