Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 358 · 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.Ishaan’s stall took in ₹100 on Friday, ₹330 on Saturday and ₹320 on Sunday. What was the total income (in ₹)?
2. 2.Diya’s stall took in ₹350 on Friday, ₹300 on Saturday and ₹390 on Sunday. What was the total income (in ₹)?
3. 3.Kabir’s income was ₹310 and the profit was ₹150. One expense was ₹10 (stall fee). How much was the other expense, for transport (in ₹)?
4. 4.Which of these is an expense (money out)? (a) tutoring fees received (b) money from sales (c) buying paper cups (d) payment for a cake order
5. 5.Rohan’s income was ₹200 and the profit was ₹40. One expense was ₹130 (sugar). How much was the other expense, for paper cups (in ₹)?
6. 6.Which of these is an expense (money out)? (a) a card order paid (b) tutoring fees received (c) paying the stall fee (d) payment for a cake order
7. 7.Rohan’s income was ₹330 and the profit was ₹150. One expense was ₹60 (posters). How much was the other expense, for lemons (in ₹)?
8. 8.📒 Income or expense: buying lemons? (a) income (b) expense
9. 9.Which of these is income (money in)? (a) printing posters (b) tutoring fees received (c) bus fare to the market (d) buying paper cups
10. 10.Diya’s record for a rainy day:
    Income: ₹130 (sales)
    Expense: ₹100 (ribbon)
    Expense: ₹90 (card paper)
    How much is the loss (in ₹)?
11. 11.True or false: “payment for a cake order” is income (money in). (a) False (b) True
12. 12.Which of these is income (money in)? (a) buying lemons (b) cash from selling plants (c) printing posters (d) paying the stall fee
13. 13.True or false: “bus fare to the market” is an expense (money out). (a) False (b) True
14. 14.Arjun’s income was ₹150 and the profit was ₹90. One expense was ₹10 (lemons). How much was the other expense, for card paper (in ₹)?
15. 15.Diya’s stall took in ₹200 on Friday, ₹150 on Saturday and ₹340 on Sunday. What was the total income (in ₹)?
16. 16.Which of these is an expense (money out)? (a) buying lemons (b) cash from selling plants (c) a card order paid (d) tutoring fees received
17. 17.➖ Profit in your records = (a) just the income (b) expenses − income (c) income + expenses (d) income − expenses
18. 18.Which of these is an expense (money out)? (a) money from sales (b) a card order paid (c) bus fare to the market (d) payment for a cake order
19. 19.🧾 What should you keep after buying supplies? (a) only the bag (b) the bill or receipt (c) a selfie (d) nothing
20. 20.Farhan’s stall took in ₹100 on Friday, ₹350 on Saturday and ₹260 on Sunday. What was the total income (in ₹)?
21. 21.Lakshmi’s record for the day:
    Income: ₹30 (morning sales)
    Income: ₹120 (evening sales)
    Expense: ₹30 (posters)
    Expense: ₹60 (lemons)
    What is the profit (in ₹)?
22. 22.Diya’s income was ₹400 and the profit was ₹370. One expense was ₹10 (card paper). How much was the other expense, for lemons (in ₹)?
23. 23.Meera’s record for the day:
    Income: ₹40 (morning sales)
    Income: ₹300 (evening sales)
    Expense: ₹50 (card paper)
    Expense: ₹110 (posters)
    What is the profit (in ₹)?
24. 24.Lakshmi’s record for a rainy day:
    Income: ₹80 (sales)
    Expense: ₹60 (sugar)
    Expense: ₹30 (ribbon)
    How much is the loss (in ₹)?
25. 25.Aarav’s record for a rainy day:
    Income: ₹240 (sales)
    Expense: ₹160 (transport)
    Expense: ₹150 (ribbon)
    How much is the loss (in ₹)?
26. 26.True or false: “a card order paid” is an expense (money out). (a) False (b) True
27. 27.📒 Income or expense: bus fare to the market? (a) expense (b) income
28. 28.📒 Income or expense: money from sales? (a) income (b) expense
29. 29.Which of these is income (money in)? (a) buying paper cups (b) paying the stall fee (c) bus fare to the market (d) money from sales
30. 30.Riya’s record for the day:
    Income: ₹20 (morning sales)
    Income: ₹330 (evening sales)
    Expense: ₹50 (transport)
    Expense: ₹30 (sugar)
    What is the profit (in ₹)?
31. 31.📒 Why write down every sale and cost? (a) to look busy (b) no reason (c) to know the real profit (d) to fill a notebook
32. 32.Dev’s income was ₹140 and the profit was ₹80. One expense was ₹40 (ribbon). How much was the other expense, for posters (in ₹)?
33. 33.Meera’s record for the day:
    Income: ₹290 (morning sales)
    Income: ₹250 (evening sales)
    Expense: ₹190 (ribbon)
    Expense: ₹50 (stall fee)
    What is the profit (in ₹)?
34. 34.📒 Income or expense: payment for a cake order? (a) income (b) expense
35. 35.📒 Income or expense: printing posters? (a) income (b) expense
36. 36.True or false: “cash from selling plants” is an expense (money out). (a) False (b) True
37. 37.Aarav’s record for the day:
    Income: ₹80 (morning sales)
    Income: ₹400 (evening sales)
    Expense: ₹130 (card paper)
    Expense: ₹170 (sugar)
    What is the profit (in ₹)?
38. 38.Meera’s stall took in ₹90 on Friday, ₹390 on Saturday and ₹50 on Sunday. What was the total income (in ₹)?
39. 39.📒 Income or expense: tutoring fees received? (a) income (b) expense
40. 40.Dev’s record for a rainy day:
    Income: ₹100 (sales)
    Expense: ₹70 (stall fee)
    Expense: ₹50 (card paper)
    How much is the loss (in ₹)?

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