Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 457 · 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.Riya’s record for the day:
   Income: ₹130 (morning sales)
   Income: ₹180 (evening sales)
   Expense: ₹60 (transport)
   Expense: ₹70 (paper cups)
   What is the profit (in ₹)?
2. 2.Meera’s record for a rainy day:
   Income: ₹90 (sales)
   Expense: ₹110 (posters)
   Expense: ₹10 (card paper)
   How much is the loss (in ₹)?
3. 3.Gurpreet’s record for the day:
   Income: ₹290 (morning sales)
   Income: ₹40 (evening sales)
   Expense: ₹100 (sugar)
   Expense: ₹140 (stall fee)
   What is the profit (in ₹)?
4. 4.Arjun’s record for a rainy day:
   Income: ₹290 (sales)
   Expense: ₹250 (transport)
   Expense: ₹110 (lemons)
   How much is the loss (in ₹)?
5. 5.True or false: “printing posters” is income (money in). (a) True (b) False
6. 6.True or false: “bus fare to the market” is income (money in). (a) False (b) True
7. 7.📒 Income or expense: printing posters? (a) expense (b) income
8. 8.📒 Income or expense: a card order paid? (a) income (b) expense
9. 9.Farhan’s record for the day:
   Income: ₹130 (morning sales)
   Income: ₹230 (evening sales)
   Expense: ₹90 (sugar)
   Expense: ₹30 (transport)
   What is the profit (in ₹)?
10. 10.📒 Income or expense: cash from selling plants? (a) expense (b) income
11. 11.🧾 What should you keep after buying supplies? (a) nothing (b) only the bag (c) a selfie (d) the bill or receipt
12. 12.True or false: “payment for a cake order” is income (money in). (a) True (b) False
13. 13.Riya’s record for the day:
    Income: ₹100 (morning sales)
    Income: ₹110 (evening sales)
    Expense: ₹160 (paper cups)
    Expense: ₹30 (posters)
    What is the profit (in ₹)?
14. 14.📒 Income or expense: bus fare to the market? (a) expense (b) income
15. 15.Joseph’s record for the day:
    Income: ₹180 (morning sales)
    Income: ₹80 (evening sales)
    Expense: ₹30 (transport)
    Expense: ₹130 (lemons)
    What is the profit (in ₹)?
16. 16.Ananya’s record for the day:
    Income: ₹270 (morning sales)
    Income: ₹170 (evening sales)
    Expense: ₹90 (paper cups)
    Expense: ₹180 (sugar)
    What is the profit (in ₹)?
17. 17.Saanvi’s income was ₹350 and the profit was ₹150. One expense was ₹20 (ribbon). How much was the other expense, for sugar (in ₹)?
18. 18.Which of these is income (money in)? (a) buying lemons (b) bus fare to the market (c) a card order paid (d) buying paper cups
19. 19.📒 Income or expense: paying the stall fee? (a) income (b) expense
20. 20.Zoya’s record for the day:
    Income: ₹200 (morning sales)
    Income: ₹80 (evening sales)
    Expense: ₹160 (paper cups)
    Expense: ₹90 (card paper)
    What is the profit (in ₹)?
21. 21.Vihaan’s stall took in ₹110 on Friday, ₹210 on Saturday and ₹90 on Sunday. What was the total income (in ₹)?
22. 22.Which of these is an expense (money out)? (a) money from sales (b) buying paper cups (c) tutoring fees received (d) cash from selling plants
23. 23.Nisha’s stall took in ₹150 on Friday, ₹60 on Saturday and ₹190 on Sunday. What was the total income (in ₹)?
24. 24.Rohan’s stall took in ₹400 on Friday, ₹60 on Saturday and ₹270 on Sunday. What was the total income (in ₹)?
25. 25.True or false: “cash from selling plants” is an expense (money out). (a) True (b) False
26. 26.Lakshmi’s record for the day:
    Income: ₹140 (morning sales)
    Income: ₹100 (evening sales)
    Expense: ₹80 (transport)
    Expense: ₹80 (card paper)
    What is the profit (in ₹)?
27. 27.📒 Why write down every sale and cost? (a) to fill a notebook (b) to know the real profit (c) to look busy (d) no reason
28. 28.True or false: “tutoring fees received” is an expense (money out). (a) True (b) False
29. 29.📒 Income or expense: buying lemons? (a) income (b) expense
30. 30.Tara’s record for a rainy day:
    Income: ₹160 (sales)
    Expense: ₹90 (paper cups)
    Expense: ₹80 (transport)
    How much is the loss (in ₹)?
31. 31.Lakshmi’s stall took in ₹390 on Friday, ₹290 on Saturday and ₹400 on Sunday. What was the total income (in ₹)?
32. 32.Vihaan’s record for the day:
    Income: ₹110 (morning sales)
    Income: ₹250 (evening sales)
    Expense: ₹60 (posters)
    Expense: ₹160 (stall fee)
    What is the profit (in ₹)?
33. 33.Dev’s record for the day:
    Income: ₹70 (morning sales)
    Income: ₹390 (evening sales)
    Expense: ₹30 (sugar)
    Expense: ₹150 (paper cups)
    What is the profit (in ₹)?
34. 34.Nisha’s record for a rainy day:
    Income: ₹190 (sales)
    Expense: ₹140 (lemons)
    Expense: ₹140 (card paper)
    How much is the loss (in ₹)?
35. 35.True or false: “paying the stall fee” is income (money in). (a) True (b) False
36. 36.📒 Income or expense: money from sales? (a) income (b) expense
37. 37.📒 Income or expense: buying paper cups? (a) expense (b) income
38. 38.Kabir’s stall took in ₹220 on Friday, ₹120 on Saturday and ₹250 on Sunday. What was the total income (in ₹)?
39. 39.Saanvi’s record for the day:
    Income: ₹30 (morning sales)
    Income: ₹380 (evening sales)
    Expense: ₹190 (lemons)
    Expense: ₹20 (ribbon)
    What is the profit (in ₹)?
40. 40.Ananya’s record for the day:
    Income: ₹140 (morning sales)
    Income: ₹170 (evening sales)
    Expense: ₹40 (lemons)
    Expense: ₹200 (card paper)
    What is the profit (in ₹)?

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