Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 469 · 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: “paying the stall fee” is an expense (money out). (a) True (b) False
2. 2.Which of these is income (money in)? (a) buying lemons (b) buying paper cups (c) paying the stall fee (d) payment for a cake order
3. 3.True or false: “cash from selling plants” is an expense (money out). (a) True (b) False
4. 4.Diya’s stall took in ₹80 on Friday, ₹90 on Saturday and ₹230 on Sunday. What was the total income (in ₹)?
5. 5.📒 Income or expense: printing posters? (a) income (b) expense
6. 6.Dev’s record for the day:
   Income: ₹100 (morning sales)
   Income: ₹30 (evening sales)
   Expense: ₹90 (stall fee)
   Expense: ₹30 (card paper)
   What is the profit (in ₹)?
7. 7.Riya’s record for the day:
   Income: ₹100 (morning sales)
   Income: ₹280 (evening sales)
   Expense: ₹90 (sugar)
   Expense: ₹150 (posters)
   What is the profit (in ₹)?
8. 8.Meera’s record for a rainy day:
   Income: ₹160 (sales)
   Expense: ₹210 (lemons)
   Expense: ₹10 (sugar)
   How much is the loss (in ₹)?
9. 9.Kavya’s stall took in ₹150 on Friday, ₹160 on Saturday and ₹120 on Sunday. What was the total income (in ₹)?
10. 10.Diya’s record for the day:
    Income: ₹70 (morning sales)
    Income: ₹260 (evening sales)
    Expense: ₹120 (lemons)
    Expense: ₹170 (paper cups)
    What is the profit (in ₹)?
11. 11.Which of these is an expense (money out)? (a) buying lemons (b) cash from selling plants (c) a card order paid (d) payment for a cake order
12. 12.Which of these is an expense (money out)? (a) bus fare to the market (b) cash from selling plants (c) payment for a cake order (d) a card order paid
13. 13.📒 Income or expense: bus fare to the market? (a) income (b) expense
14. 14.Kabir’s record for a rainy day:
    Income: ₹140 (sales)
    Expense: ₹10 (sugar)
    Expense: ₹170 (paper cups)
    How much is the loss (in ₹)?
15. 15.Which of these is income (money in)? (a) buying paper cups (b) bus fare to the market (c) printing posters (d) cash from selling plants
16. 16.Saanvi’s record for the day:
    Income: ₹180 (morning sales)
    Income: ₹200 (evening sales)
    Expense: ₹40 (transport)
    Expense: ₹120 (posters)
    What is the profit (in ₹)?
17. 17.📒 Income or expense: buying paper cups? (a) expense (b) income
18. 18.Meera’s record for the day:
    Income: ₹100 (morning sales)
    Income: ₹80 (evening sales)
    Expense: ₹150 (sugar)
    Expense: ₹20 (card paper)
    What is the profit (in ₹)?
19. 19.📒 Income or expense: money from sales? (a) expense (b) income
20. 20.➖ Profit in your records = (a) expenses − income (b) income + expenses (c) income − expenses (d) just the income
21. 21.Rohan’s record for the day:
    Income: ₹220 (morning sales)
    Income: ₹130 (evening sales)
    Expense: ₹40 (paper cups)
    Expense: ₹180 (ribbon)
    What is the profit (in ₹)?
22. 22.Which of these is an expense (money out)? (a) money from sales (b) buying paper cups (c) cash from selling plants (d) payment for a cake order
23. 23.Nisha’s income was ₹210 and the profit was ₹50. One expense was ₹100 (paper cups). How much was the other expense, for posters (in ₹)?
24. 24.🧾 What should you keep after buying supplies? (a) the bill or receipt (b) only the bag (c) nothing (d) a selfie
25. 25.Which of these is income (money in)? (a) bus fare to the market (b) printing posters (c) buying paper cups (d) tutoring fees received
26. 26.Aarav’s income was ₹120 and the profit was ₹80. One expense was ₹10 (card paper). How much was the other expense, for stall fee (in ₹)?
27. 27.True or false: “tutoring fees received” is an expense (money out). (a) True (b) False
28. 28.True or false: “money from sales” is income (money in). (a) True (b) False
29. 29.Joseph’s stall took in ₹180 on Friday, ₹200 on Saturday and ₹60 on Sunday. What was the total income (in ₹)?
30. 30.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
31. 31.Diya’s record for a rainy day:
    Income: ₹260 (sales)
    Expense: ₹80 (paper cups)
    Expense: ₹250 (lemons)
    How much is the loss (in ₹)?
32. 32.Riya’s income was ₹250 and the profit was ₹80. One expense was ₹50 (lemons). How much was the other expense, for card paper (in ₹)?
33. 33.Kabir’s record for the day:
    Income: ₹230 (morning sales)
    Income: ₹210 (evening sales)
    Expense: ₹110 (lemons)
    Expense: ₹80 (paper cups)
    What is the profit (in ₹)?
34. 34.Aarav’s record for the day:
    Income: ₹70 (morning sales)
    Income: ₹190 (evening sales)
    Expense: ₹60 (transport)
    Expense: ₹110 (card paper)
    What is the profit (in ₹)?
35. 35.Which of these is income (money in)? (a) bus fare to the market (b) printing posters (c) money from sales (d) buying lemons
36. 36.Which of these is an expense (money out)? (a) payment for a cake order (b) cash from selling plants (c) a card order paid (d) paying the stall fee
37. 37.Gurpreet’s record for the day:
    Income: ₹120 (morning sales)
    Income: ₹290 (evening sales)
    Expense: ₹120 (transport)
    Expense: ₹140 (ribbon)
    What is the profit (in ₹)?
38. 38.Meera’s record for the day:
    Income: ₹80 (morning sales)
    Income: ₹170 (evening sales)
    Expense: ₹160 (paper cups)
    Expense: ₹70 (sugar)
    What is the profit (in ₹)?
39. 39.Ishaan’s stall took in ₹300 on Friday, ₹110 on Saturday and ₹80 on Sunday. What was the total income (in ₹)?
40. 40.True or false: “a card order paid” is income (money in). (a) True (b) False

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