Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 472 · 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.Rohan’s income was ₹400 and the profit was ₹190. One expense was ₹90 (stall fee). How much was the other expense, for transport (in ₹)?
2. 2.Which of these is an expense (money out)? (a) tutoring fees received (b) a card order paid (c) printing posters (d) money from sales
3. 3.Diya’s stall took in ₹90 on Friday, ₹140 on Saturday and ₹100 on Sunday. What was the total income (in ₹)?
4. 4.True or false: “printing posters” is an expense (money out). (a) False (b) True
5. 5.True or false: “cash from selling plants” is income (money in). (a) False (b) True
6. 6.Diya’s stall took in ₹170 on Friday, ₹360 on Saturday and ₹360 on Sunday. What was the total income (in ₹)?
7. 7.Rohan’s record for the day:
   Income: ₹90 (morning sales)
   Income: ₹320 (evening sales)
   Expense: ₹100 (paper cups)
   Expense: ₹30 (lemons)
   What is the profit (in ₹)?
8. 8.Aarav’s record for a rainy day:
   Income: ₹260 (sales)
   Expense: ₹170 (ribbon)
   Expense: ₹120 (sugar)
   How much is the loss (in ₹)?
9. 9.🧾 What should you keep after buying supplies? (a) only the bag (b) a selfie (c) the bill or receipt (d) nothing
10. 10.Aarav’s income was ₹400 and the profit was ₹340. One expense was ₹20 (posters). How much was the other expense, for stall fee (in ₹)?
11. 11.📒 Income or expense: cash from selling plants? (a) expense (b) income
12. 12.True or false: “buying lemons” is income (money in). (a) True (b) False
13. 13.📒 Income or expense: bus fare to the market? (a) income (b) expense
14. 14.Rohan’s record for the day:
    Income: ₹410 (morning sales)
    Income: ₹190 (evening sales)
    Expense: ₹200 (posters)
    Expense: ₹180 (sugar)
    What is the profit (in ₹)?
15. 15.Kabir’s record for the day:
    Income: ₹60 (morning sales)
    Income: ₹90 (evening sales)
    Expense: ₹70 (posters)
    Expense: ₹20 (transport)
    What is the profit (in ₹)?
16. 16.Zoya’s record for the day:
    Income: ₹230 (morning sales)
    Income: ₹110 (evening sales)
    Expense: ₹70 (sugar)
    Expense: ₹120 (lemons)
    What is the profit (in ₹)?
17. 17.Diya’s record for a rainy day:
    Income: ₹90 (sales)
    Expense: ₹110 (paper cups)
    Expense: ₹10 (sugar)
    How much is the loss (in ₹)?
18. 18.Which of these is income (money in)? (a) cash from selling plants (b) paying the stall fee (c) buying lemons (d) printing posters
19. 19.Which of these is income (money in)? (a) bus fare to the market (b) paying the stall fee (c) money from sales (d) buying paper cups
20. 20.Diya’s income was ₹370 and the profit was ₹90. One expense was ₹270 (paper cups). How much was the other expense, for sugar (in ₹)?
21. 21.Which of these is an expense (money out)? (a) payment for a cake order (b) money from sales (c) bus fare to the market (d) cash from selling plants
22. 22.True or false: “money from sales” is an expense (money out). (a) True (b) False
23. 23.📒 Why write down every sale and cost? (a) to fill a notebook (b) to look busy (c) no reason (d) to know the real profit
24. 24.True or false: “paying the stall fee” is income (money in). (a) True (b) False
25. 25.📒 Income or expense: payment for a cake order? (a) expense (b) income
26. 26.Kavya’s income was ₹360 and the profit was ₹320. One expense was ₹30 (sugar). How much was the other expense, for stall fee (in ₹)?
27. 27.Ishaan’s income was ₹150 and the profit was ₹30. One expense was ₹80 (sugar). How much was the other expense, for card paper (in ₹)?
28. 28.Vihaan’s record for the day:
    Income: ₹10 (morning sales)
    Income: ₹380 (evening sales)
    Expense: ₹90 (transport)
    Expense: ₹20 (sugar)
    What is the profit (in ₹)?
29. 29.Dev’s record for the day:
    Income: ₹230 (morning sales)
    Income: ₹120 (evening sales)
    Expense: ₹190 (posters)
    Expense: ₹150 (sugar)
    What is the profit (in ₹)?
30. 30.📒 Income or expense: buying lemons? (a) expense (b) income
31. 31.Saanvi’s stall took in ₹250 on Friday, ₹300 on Saturday and ₹120 on Sunday. What was the total income (in ₹)?
32. 32.Lakshmi’s stall took in ₹320 on Friday, ₹260 on Saturday and ₹140 on Sunday. What was the total income (in ₹)?
33. 33.Diya’s stall took in ₹390 on Friday, ₹200 on Saturday and ₹390 on Sunday. What was the total income (in ₹)?
34. 34.Which of these is income (money in)? (a) bus fare to the market (b) buying lemons (c) tutoring fees received (d) printing posters
35. 35.📒 Income or expense: money from sales? (a) income (b) expense
36. 36.Kabir’s income was ₹470 and the profit was ₹360. One expense was ₹50 (transport). How much was the other expense, for sugar (in ₹)?
37. 37.Arjun’s stall took in ₹330 on Friday, ₹200 on Saturday and ₹230 on Sunday. What was the total income (in ₹)?
38. 38.True or false: “bus fare to the market” is income (money in). (a) False (b) True
39. 39.Joseph’s record for a rainy day:
    Income: ₹50 (sales)
    Expense: ₹130 (paper cups)
    Expense: ₹10 (ribbon)
    How much is the loss (in ₹)?
40. 40.📒 Income or expense: paying the stall fee? (a) expense (b) income

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