Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 413 · 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.📒 Income or expense: tutoring fees received? (a) income (b) expense
2. 2.Meera’s record for the day:
   Income: ₹210 (morning sales)
   Income: ₹170 (evening sales)
   Expense: ₹150 (posters)
   Expense: ₹70 (stall fee)
   What is the profit (in ₹)?
3. 3.Riya’s stall took in ₹100 on Friday, ₹210 on Saturday and ₹220 on Sunday. What was the total income (in ₹)?
4. 4.Aarav’s record for the day:
   Income: ₹290 (morning sales)
   Income: ₹30 (evening sales)
   Expense: ₹90 (sugar)
   Expense: ₹200 (ribbon)
   What is the profit (in ₹)?
5. 5.True or false: “buying paper cups” is an expense (money out). (a) True (b) False
6. 6.True or false: “buying paper cups” is income (money in). (a) True (b) False
7. 7.Ananya’s stall took in ₹320 on Friday, ₹200 on Saturday and ₹320 on Sunday. What was the total income (in ₹)?
8. 8.📅 When is the best time to update your records? (a) the same day (b) once a year (c) whenever you like (d) never
9. 9.Kabir’s record for a rainy day:
   Income: ₹200 (sales)
   Expense: ₹50 (lemons)
   Expense: ₹160 (paper cups)
   How much is the loss (in ₹)?
10. 10.📒 Income or expense: bus fare to the market? (a) income (b) expense
11. 11.Dev’s record for the day:
    Income: ₹60 (morning sales)
    Income: ₹430 (evening sales)
    Expense: ₹70 (lemons)
    Expense: ₹160 (sugar)
    What is the profit (in ₹)?
12. 12.➖ Profit in your records = (a) expenses − income (b) income − expenses (c) income + expenses (d) just the income
13. 13.🧾 What should you keep after buying supplies? (a) the bill or receipt (b) nothing (c) only the bag (d) a selfie
14. 14.📒 Income or expense: a card order paid? (a) expense (b) income
15. 15.Meera’s record for the day:
    Income: ₹270 (morning sales)
    Income: ₹210 (evening sales)
    Expense: ₹150 (sugar)
    Expense: ₹190 (paper cups)
    What is the profit (in ₹)?
16. 16.Zoya’s income was ₹370 and the profit was ₹110. One expense was ₹10 (lemons). How much was the other expense, for paper cups (in ₹)?
17. 17.Riya’s stall took in ₹120 on Friday, ₹120 on Saturday and ₹160 on Sunday. What was the total income (in ₹)?
18. 18.True or false: “money from sales” is an expense (money out). (a) True (b) False
19. 19.Ananya’s income was ₹470 and the profit was ₹360. One expense was ₹20 (lemons). How much was the other expense, for card paper (in ₹)?
20. 20.True or false: “money from sales” is income (money in). (a) True (b) False
21. 21.Which of these is income (money in)? (a) paying the stall fee (b) buying lemons (c) a card order paid (d) buying paper cups
22. 22.Which of these is income (money in)? (a) money from sales (b) buying lemons (c) paying the stall fee (d) buying paper cups
23. 23.Diya’s stall took in ₹100 on Friday, ₹290 on Saturday and ₹320 on Sunday. What was the total income (in ₹)?
24. 24.Which of these is income (money in)? (a) buying lemons (b) paying the stall fee (c) buying paper cups (d) tutoring fees received
25. 25.Which of these is income (money in)? (a) payment for a cake order (b) buying lemons (c) printing posters (d) bus fare to the market
26. 26.Farhan’s stall took in ₹170 on Friday, ₹370 on Saturday and ₹50 on Sunday. What was the total income (in ₹)?
27. 27.📒 Income or expense: payment for a cake order? (a) expense (b) income
28. 28.Nisha’s income was ₹210 and the profit was ₹60. One expense was ₹120 (paper cups). How much was the other expense, for card paper (in ₹)?
29. 29.True or false: “cash from selling plants” is income (money in). (a) True (b) False
30. 30.Ananya’s record for the day:
    Income: ₹100 (morning sales)
    Income: ₹30 (evening sales)
    Expense: ₹90 (ribbon)
    Expense: ₹30 (posters)
    What is the profit (in ₹)?
31. 31.Joseph’s record for the day:
    Income: ₹380 (morning sales)
    Income: ₹180 (evening sales)
    Expense: ₹130 (lemons)
    Expense: ₹180 (sugar)
    What is the profit (in ₹)?
32. 32.Arjun’s income was ₹450 and the profit was ₹150. One expense was ₹230 (sugar). How much was the other expense, for posters (in ₹)?
33. 33.Which of these is an expense (money out)? (a) money from sales (b) cash from selling plants (c) tutoring fees received (d) buying paper cups
34. 34.📒 Income or expense: buying paper cups? (a) income (b) expense
35. 35.Kabir’s record for the day:
    Income: ₹490 (morning sales)
    Income: ₹50 (evening sales)
    Expense: ₹200 (posters)
    Expense: ₹140 (lemons)
    What is the profit (in ₹)?
36. 36.Joseph’s record for a rainy day:
    Income: ₹270 (sales)
    Expense: ₹270 (paper cups)
    Expense: ₹40 (ribbon)
    How much is the loss (in ₹)?
37. 37.Farhan’s record for the day:
    Income: ₹60 (morning sales)
    Income: ₹60 (evening sales)
    Expense: ₹20 (card paper)
    Expense: ₹20 (stall fee)
    What is the profit (in ₹)?
38. 38.Diya’s income was ₹350 and the profit was ₹20. One expense was ₹180 (transport). How much was the other expense, for paper cups (in ₹)?
39. 39.Rohan’s record for a rainy day:
    Income: ₹250 (sales)
    Expense: ₹20 (card paper)
    Expense: ₹260 (paper cups)
    How much is the loss (in ₹)?
40. 40.Meera’s record for the day:
    Income: ₹30 (morning sales)
    Income: ₹380 (evening sales)
    Expense: ₹60 (sugar)
    Expense: ₹50 (transport)
    What is the profit (in ₹)?

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