Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 454 · 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.True or false: “printing posters” is income (money in). (a) True (b) False
2. 2.Vihaan’s income was ₹290 and the profit was ₹200. One expense was ₹30 (ribbon). How much was the other expense, for card paper (in ₹)?
3. 3.Ishaan’s income was ₹380 and the profit was ₹90. One expense was ₹150 (paper cups). How much was the other expense, for sugar (in ₹)?
4. 4.🧾 What should you keep after buying supplies? (a) only the bag (b) nothing (c) the bill or receipt (d) a selfie
5. 5.Which of these is an expense (money out)? (a) a card order paid (b) cash from selling plants (c) money from sales (d) paying the stall fee
6. 6.📒 Income or expense: printing posters? (a) expense (b) income
7. 7.Saanvi’s record for the day:
   Income: ₹200 (morning sales)
   Income: ₹110 (evening sales)
   Expense: ₹20 (stall fee)
   Expense: ₹110 (lemons)
   What is the profit (in ₹)?
8. 8.Ananya’s stall took in ₹280 on Friday, ₹250 on Saturday and ₹280 on Sunday. What was the total income (in ₹)?
9. 9.Which of these is income (money in)? (a) paying the stall fee (b) printing posters (c) bus fare to the market (d) payment for a cake order
10. 10.Dev’s record for the day:
    Income: ₹190 (morning sales)
    Income: ₹280 (evening sales)
    Expense: ₹190 (sugar)
    Expense: ₹170 (transport)
    What is the profit (in ₹)?
11. 11.Joseph’s record for a rainy day:
    Income: ₹210 (sales)
    Expense: ₹100 (ribbon)
    Expense: ₹160 (sugar)
    How much is the loss (in ₹)?
12. 12.Ananya’s record for a rainy day:
    Income: ₹240 (sales)
    Expense: ₹160 (lemons)
    Expense: ₹140 (paper cups)
    How much is the loss (in ₹)?
13. 13.Nisha’s stall took in ₹260 on Friday, ₹370 on Saturday and ₹170 on Sunday. What was the total income (in ₹)?
14. 14.True or false: “cash from selling plants” is an expense (money out). (a) True (b) False
15. 15.Vihaan’s record for the day:
    Income: ₹100 (morning sales)
    Income: ₹340 (evening sales)
    Expense: ₹200 (stall fee)
    Expense: ₹30 (sugar)
    What is the profit (in ₹)?
16. 16.Ananya’s record for the day:
    Income: ₹300 (morning sales)
    Income: ₹10 (evening sales)
    Expense: ₹70 (ribbon)
    Expense: ₹60 (posters)
    What is the profit (in ₹)?
17. 17.True or false: “buying paper cups” is an expense (money out). (a) False (b) True
18. 18.📒 Income or expense: payment for a cake order? (a) income (b) expense
19. 19.Joseph’s record for a rainy day:
    Income: ₹100 (sales)
    Expense: ₹40 (sugar)
    Expense: ₹100 (ribbon)
    How much is the loss (in ₹)?
20. 20.Vihaan’s record for the day:
    Income: ₹190 (morning sales)
    Income: ₹460 (evening sales)
    Expense: ₹150 (card paper)
    Expense: ₹200 (sugar)
    What is the profit (in ₹)?
21. 21.📒 Why write down every sale and cost? (a) to know the real profit (b) to look busy (c) no reason (d) to fill a notebook
22. 22.Lakshmi’s record for the day:
    Income: ₹370 (morning sales)
    Income: ₹50 (evening sales)
    Expense: ₹140 (stall fee)
    Expense: ₹200 (paper cups)
    What is the profit (in ₹)?
23. 23.Lakshmi’s record for a rainy day:
    Income: ₹60 (sales)
    Expense: ₹40 (paper cups)
    Expense: ₹30 (transport)
    How much is the loss (in ₹)?
24. 24.Zoya’s record for a rainy day:
    Income: ₹120 (sales)
    Expense: ₹110 (posters)
    Expense: ₹30 (stall fee)
    How much is the loss (in ₹)?
25. 25.Lakshmi’s income was ₹280 and the profit was ₹100. One expense was ₹150 (posters). How much was the other expense, for lemons (in ₹)?
26. 26.Farhan’s stall took in ₹60 on Friday, ₹330 on Saturday and ₹190 on Sunday. What was the total income (in ₹)?
27. 27.Which of these is an expense (money out)? (a) cash from selling plants (b) money from sales (c) payment for a cake order (d) buying paper cups
28. 28.Lakshmi’s record for the day:
    Income: ₹60 (morning sales)
    Income: ₹180 (evening sales)
    Expense: ₹60 (posters)
    Expense: ₹60 (stall fee)
    What is the profit (in ₹)?
29. 29.Dev’s record for a rainy day:
    Income: ₹90 (sales)
    Expense: ₹30 (posters)
    Expense: ₹70 (transport)
    How much is the loss (in ₹)?
30. 30.📒 Income or expense: a card order paid? (a) expense (b) income
31. 31.Aarav’s stall took in ₹100 on Friday, ₹200 on Saturday and ₹50 on Sunday. What was the total income (in ₹)?
32. 32.Tara’s record for the day:
    Income: ₹100 (morning sales)
    Income: ₹200 (evening sales)
    Expense: ₹70 (stall fee)
    Expense: ₹20 (card paper)
    What is the profit (in ₹)?
33. 33.📒 Income or expense: buying paper cups? (a) expense (b) income
34. 34.➖ Profit in your records = (a) expenses − income (b) income − expenses (c) just the income (d) income + expenses
35. 35.Nisha’s record for the day:
    Income: ₹220 (morning sales)
    Income: ₹190 (evening sales)
    Expense: ₹200 (lemons)
    Expense: ₹100 (posters)
    What is the profit (in ₹)?
36. 36.Ishaan’s record for the day:
    Income: ₹10 (morning sales)
    Income: ₹450 (evening sales)
    Expense: ₹70 (posters)
    Expense: ₹130 (sugar)
    What is the profit (in ₹)?
37. 37.Ananya’s record for the day:
    Income: ₹110 (morning sales)
    Income: ₹290 (evening sales)
    Expense: ₹140 (ribbon)
    Expense: ₹20 (paper cups)
    What is the profit (in ₹)?
38. 38.Lakshmi’s record for the day:
    Income: ₹70 (morning sales)
    Income: ₹410 (evening sales)
    Expense: ₹170 (posters)
    Expense: ₹30 (sugar)
    What is the profit (in ₹)?
39. 39.Which of these is income (money in)? (a) bus fare to the market (b) buying paper cups (c) printing posters (d) cash from selling plants
40. 40.True or false: “bus fare to the market” is income (money in). (a) True (b) False

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