Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 451 · 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.Meera’s stall took in ₹230 on Friday, ₹250 on Saturday and ₹140 on Sunday. What was the total income (in ₹)?
2. 2.Gurpreet’s record for the day:
   Income: ₹160 (morning sales)
   Income: ₹80 (evening sales)
   Expense: ₹80 (sugar)
   Expense: ₹130 (stall fee)
   What is the profit (in ₹)?
3. 3.True or false: “cash from selling plants” is income (money in). (a) False (b) True
4. 4.Vihaan’s record for the day:
   Income: ₹190 (morning sales)
   Income: ₹230 (evening sales)
   Expense: ₹200 (lemons)
   Expense: ₹40 (posters)
   What is the profit (in ₹)?
5. 5.➖ Profit in your records = (a) expenses − income (b) income − expenses (c) just the income (d) income + expenses
6. 6.Joseph’s record for a rainy day:
   Income: ₹50 (sales)
   Expense: ₹140 (posters)
   Expense: ₹10 (sugar)
   How much is the loss (in ₹)?
7. 7.Riya’s record for a rainy day:
   Income: ₹220 (sales)
   Expense: ₹10 (transport)
   Expense: ₹260 (ribbon)
   How much is the loss (in ₹)?
8. 8.True or false: “buying paper cups” is income (money in). (a) True (b) False
9. 9.True or false: “printing posters” is income (money in). (a) True (b) False
10. 10.Diya’s record for a rainy day:
    Income: ₹290 (sales)
    Expense: ₹210 (posters)
    Expense: ₹180 (lemons)
    How much is the loss (in ₹)?
11. 11.True or false: “printing posters” is an expense (money out). (a) False (b) True
12. 12.Diya’s record for the day:
    Income: ₹200 (morning sales)
    Income: ₹40 (evening sales)
    Expense: ₹120 (card paper)
    Expense: ₹20 (sugar)
    What is the profit (in ₹)?
13. 13.Rohan’s record for the day:
    Income: ₹80 (morning sales)
    Income: ₹200 (evening sales)
    Expense: ₹90 (lemons)
    Expense: ₹40 (sugar)
    What is the profit (in ₹)?
14. 14.Which of these is income (money in)? (a) bus fare to the market (b) printing posters (c) buying lemons (d) cash from selling plants
15. 15.Ananya’s stall took in ₹320 on Friday, ₹180 on Saturday and ₹100 on Sunday. What was the total income (in ₹)?
16. 16.Which of these is an expense (money out)? (a) cash from selling plants (b) printing posters (c) tutoring fees received (d) a card order paid
17. 17.Tara’s record for the day:
    Income: ₹120 (morning sales)
    Income: ₹110 (evening sales)
    Expense: ₹130 (stall fee)
    Expense: ₹30 (posters)
    What is the profit (in ₹)?
18. 18.Which of these is an expense (money out)? (a) tutoring fees received (b) payment for a cake order (c) buying paper cups (d) a card order paid
19. 19.Aarav’s income was ₹230 and the profit was ₹40. One expense was ₹40 (lemons). How much was the other expense, for paper cups (in ₹)?
20. 20.📒 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
21. 21.Tara’s record for a rainy day:
    Income: ₹290 (sales)
    Expense: ₹270 (stall fee)
    Expense: ₹110 (card paper)
    How much is the loss (in ₹)?
22. 22.Joseph’s record for the day:
    Income: ₹330 (morning sales)
    Income: ₹110 (evening sales)
    Expense: ₹80 (posters)
    Expense: ₹70 (sugar)
    What is the profit (in ₹)?
23. 23.Saanvi’s record for a rainy day:
    Income: ₹260 (sales)
    Expense: ₹100 (paper cups)
    Expense: ₹250 (transport)
    How much is the loss (in ₹)?
24. 24.Rohan’s record for a rainy day:
    Income: ₹190 (sales)
    Expense: ₹120 (lemons)
    Expense: ₹90 (sugar)
    How much is the loss (in ₹)?
25. 25.Vihaan’s income was ₹290 and the profit was ₹10. One expense was ₹60 (lemons). How much was the other expense, for sugar (in ₹)?
26. 26.Farhan’s record for the day:
    Income: ₹270 (morning sales)
    Income: ₹10 (evening sales)
    Expense: ₹60 (transport)
    Expense: ₹60 (card paper)
    What is the profit (in ₹)?
27. 27.True or false: “cash from selling plants” is an expense (money out). (a) True (b) False
28. 28.Which of these is income (money in)? (a) printing posters (b) tutoring fees received (c) buying lemons (d) buying paper cups
29. 29.Tara’s income was ₹490 and the profit was ₹450. One expense was ₹10 (stall fee). How much was the other expense, for sugar (in ₹)?
30. 30.Diya’s stall took in ₹330 on Friday, ₹130 on Saturday and ₹110 on Sunday. What was the total income (in ₹)?
31. 31.Vihaan’s record for the day:
    Income: ₹470 (morning sales)
    Income: ₹70 (evening sales)
    Expense: ₹180 (sugar)
    Expense: ₹160 (ribbon)
    What is the profit (in ₹)?
32. 32.Which of these is income (money in)? (a) printing posters (b) paying the stall fee (c) bus fare to the market (d) a card order paid
33. 33.📒 Income or expense: money from sales? (a) expense (b) income
34. 34.Kavya’s record for a rainy day:
    Income: ₹150 (sales)
    Expense: ₹70 (lemons)
    Expense: ₹110 (stall fee)
    How much is the loss (in ₹)?
35. 35.Aarav’s income was ₹150 and the profit was ₹60. One expense was ₹10 (ribbon). How much was the other expense, for posters (in ₹)?
36. 36.Rohan’s record for a rainy day:
    Income: ₹70 (sales)
    Expense: ₹60 (sugar)
    Expense: ₹20 (card paper)
    How much is the loss (in ₹)?
37. 37.Which of these is an expense (money out)? (a) buying lemons (b) tutoring fees received (c) money from sales (d) payment for a cake order
38. 38.Saanvi’s record for a rainy day:
    Income: ₹180 (sales)
    Expense: ₹40 (sugar)
    Expense: ₹150 (card paper)
    How much is the loss (in ₹)?
39. 39.🧾 What should you keep after buying supplies? (a) nothing (b) only the bag (c) the bill or receipt (d) a selfie
40. 40.True or false: “bus fare to the market” is an expense (money out). (a) False (b) True

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