Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 378 · 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.Saanvi’s record for the day:
   Income: ₹60 (morning sales)
   Income: ₹260 (evening sales)
   Expense: ₹50 (sugar)
   Expense: ₹170 (lemons)
   What is the profit (in ₹)?
2. 2.True or false: “money from sales” is an expense (money out). (a) True (b) False
3. 3.Tara’s income was ₹460 and the profit was ₹190. One expense was ₹250 (paper cups). How much was the other expense, for ribbon (in ₹)?
4. 4.📒 Why write down every sale and cost? (a) no reason (b) to look busy (c) to fill a notebook (d) to know the real profit
5. 5.Ananya’s record for a rainy day:
   Income: ₹270 (sales)
   Expense: ₹130 (stall fee)
   Expense: ₹240 (sugar)
   How much is the loss (in ₹)?
6. 6.Rohan’s stall took in ₹100 on Friday, ₹130 on Saturday and ₹300 on Sunday. What was the total income (in ₹)?
7. 7.Which of these is income (money in)? (a) paying the stall fee (b) buying paper cups (c) a card order paid (d) printing posters
8. 8.Which of these is income (money in)? (a) buying lemons (b) cash from selling plants (c) paying the stall fee (d) bus fare to the market
9. 9.Lakshmi’s record for a rainy day:
   Income: ₹150 (sales)
   Expense: ₹80 (transport)
   Expense: ₹110 (paper cups)
   How much is the loss (in ₹)?
10. 10.Vihaan’s record for a rainy day:
    Income: ₹180 (sales)
    Expense: ₹160 (posters)
    Expense: ₹80 (lemons)
    How much is the loss (in ₹)?
11. 11.Lakshmi’s record for the day:
    Income: ₹340 (morning sales)
    Income: ₹220 (evening sales)
    Expense: ₹170 (paper cups)
    Expense: ₹180 (card paper)
    What is the profit (in ₹)?
12. 12.True or false: “a card order paid” is income (money in). (a) False (b) True
13. 13.Nisha’s stall took in ₹270 on Friday, ₹280 on Saturday and ₹190 on Sunday. What was the total income (in ₹)?
14. 14.🧾 What should you keep after buying supplies? (a) a selfie (b) the bill or receipt (c) nothing (d) only the bag
15. 15.Lakshmi’s record for a rainy day:
    Income: ₹80 (sales)
    Expense: ₹60 (lemons)
    Expense: ₹50 (transport)
    How much is the loss (in ₹)?
16. 16.Vihaan’s stall took in ₹220 on Friday, ₹300 on Saturday and ₹240 on Sunday. What was the total income (in ₹)?
17. 17.📒 Income or expense: cash from selling plants? (a) income (b) expense
18. 18.Lakshmi’s record for the day:
    Income: ₹130 (morning sales)
    Income: ₹280 (evening sales)
    Expense: ₹180 (card paper)
    Expense: ₹70 (sugar)
    What is the profit (in ₹)?
19. 19.Which of these is income (money in)? (a) payment for a cake order (b) paying the stall fee (c) bus fare to the market (d) buying lemons
20. 20.Kabir’s record for a rainy day:
    Income: ₹290 (sales)
    Expense: ₹250 (stall fee)
    Expense: ₹70 (ribbon)
    How much is the loss (in ₹)?
21. 21.Farhan’s stall took in ₹140 on Friday, ₹390 on Saturday and ₹120 on Sunday. What was the total income (in ₹)?
22. 22.Which of these is an expense (money out)? (a) money from sales (b) bus fare to the market (c) cash from selling plants (d) tutoring fees received
23. 23.Which of these is income (money in)? (a) buying lemons (b) printing posters (c) bus fare to the market (d) tutoring fees received
24. 24.Which of these is an expense (money out)? (a) tutoring fees received (b) money from sales (c) paying the stall fee (d) a card order paid
25. 25.Ishaan’s income was ₹100 and the profit was ₹20. One expense was ₹70 (ribbon). How much was the other expense, for lemons (in ₹)?
26. 26.Nisha’s income was ₹130 and the profit was ₹80. One expense was ₹10 (card paper). How much was the other expense, for stall fee (in ₹)?
27. 27.➖ Profit in your records = (a) income − expenses (b) income + expenses (c) just the income (d) expenses − income
28. 28.📒 Income or expense: buying paper cups? (a) income (b) expense
29. 29.📒 Income or expense: bus fare to the market? (a) income (b) expense
30. 30.Riya’s stall took in ₹270 on Friday, ₹360 on Saturday and ₹320 on Sunday. What was the total income (in ₹)?
31. 31.Arjun’s income was ₹340 and the profit was ₹190. One expense was ₹50 (card paper). How much was the other expense, for transport (in ₹)?
32. 32.True or false: “payment for a cake order” is an expense (money out). (a) False (b) True
33. 33.📒 Income or expense: payment for a cake order? (a) income (b) expense
34. 34.True or false: “cash from selling plants” is income (money in). (a) True (b) False
35. 35.Kabir’s stall took in ₹130 on Friday, ₹130 on Saturday and ₹380 on Sunday. What was the total income (in ₹)?
36. 36.Ishaan’s record for a rainy day:
    Income: ₹290 (sales)
    Expense: ₹30 (sugar)
    Expense: ₹330 (card paper)
    How much is the loss (in ₹)?
37. 37.Zoya’s record for a rainy day:
    Income: ₹230 (sales)
    Expense: ₹280 (posters)
    Expense: ₹40 (paper cups)
    How much is the loss (in ₹)?
38. 38.Riya’s record for a rainy day:
    Income: ₹120 (sales)
    Expense: ₹80 (lemons)
    Expense: ₹50 (card paper)
    How much is the loss (in ₹)?
39. 39.Lakshmi’s income was ₹130 and the profit was ₹20. One expense was ₹40 (ribbon). How much was the other expense, for posters (in ₹)?
40. 40.True or false: “paying the stall fee” is an expense (money out). (a) False (b) True

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