Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 49 · 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.Farhan’s record for the day:
   Income: ₹260 (morning sales)
   Income: ₹50 (evening sales)
   Expense: ₹150 (paper cups)
   Expense: ₹90 (card paper)
   What is the profit (in ₹)?
2. 2.Joseph’s income was ₹170 and the profit was ₹110. One expense was ₹40 (posters). How much was the other expense, for stall fee (in ₹)?
3. 3.📒 Income or expense: money from sales? (a) income (b) expense
4. 4.Which of these is income (money in)? (a) buying paper cups (b) tutoring fees received (c) paying the stall fee (d) buying lemons
5. 5.Riya’s record for the day:
   Income: ₹190 (morning sales)
   Income: ₹70 (evening sales)
   Expense: ₹150 (card paper)
   Expense: ₹80 (ribbon)
   What is the profit (in ₹)?
6. 6.Aarav’s income was ₹210 and the profit was ₹20. One expense was ₹140 (ribbon). How much was the other expense, for stall fee (in ₹)?
7. 7.True or false: “cash from selling plants” is an expense (money out). (a) False (b) True
8. 8.📒 Income or expense: payment for a cake order? (a) income (b) expense
9. 9.True or false: “payment for a cake order” is an expense (money out). (a) True (b) False
10. 10.Ananya’s record for the day:
    Income: ₹190 (morning sales)
    Income: ₹30 (evening sales)
    Expense: ₹50 (card paper)
    Expense: ₹50 (stall fee)
    What is the profit (in ₹)?
11. 11.Kabir’s income was ₹200 and the profit was ₹110. One expense was ₹20 (ribbon). How much was the other expense, for posters (in ₹)?
12. 12.Which of these is an expense (money out)? (a) money from sales (b) payment for a cake order (c) tutoring fees received (d) buying lemons
13. 13.Rohan’s record for a rainy day:
    Income: ₹260 (sales)
    Expense: ₹60 (posters)
    Expense: ₹240 (transport)
    How much is the loss (in ₹)?
14. 14.True or false: “a card order paid” is an expense (money out). (a) True (b) False
15. 15.📒 Why write down every sale and cost? (a) to look busy (b) to know the real profit (c) no reason (d) to fill a notebook
16. 16.Kabir’s income was ₹100 and the profit was ₹20. One expense was ₹60 (sugar). How much was the other expense, for transport (in ₹)?
17. 17.Meera’s record for the day:
    Income: ₹250 (morning sales)
    Income: ₹40 (evening sales)
    Expense: ₹40 (posters)
    Expense: ₹70 (sugar)
    What is the profit (in ₹)?
18. 18.Lakshmi’s stall took in ₹240 on Friday, ₹90 on Saturday and ₹80 on Sunday. What was the total income (in ₹)?
19. 19.Which of these is income (money in)? (a) paying the stall fee (b) buying paper cups (c) a card order paid (d) buying lemons
20. 20.Kavya’s income was ₹340 and the profit was ₹60. One expense was ₹190 (stall fee). How much was the other expense, for card paper (in ₹)?
21. 21.📒 Income or expense: buying paper cups? (a) expense (b) income
22. 22.Tara’s stall took in ₹300 on Friday, ₹80 on Saturday and ₹380 on Sunday. What was the total income (in ₹)?
23. 23.True or false: “money from sales” is an expense (money out). (a) True (b) False
24. 24.Diya’s record for a rainy day:
    Income: ₹250 (sales)
    Expense: ₹90 (sugar)
    Expense: ₹230 (posters)
    How much is the loss (in ₹)?
25. 25.Rohan’s record for the day:
    Income: ₹360 (morning sales)
    Income: ₹110 (evening sales)
    Expense: ₹20 (posters)
    Expense: ₹180 (transport)
    What is the profit (in ₹)?
26. 26.🧾 What should you keep after buying supplies? (a) only the bag (b) a selfie (c) the bill or receipt (d) nothing
27. 27.Which of these is income (money in)? (a) money from sales (b) printing posters (c) buying paper cups (d) bus fare to the market
28. 28.Which of these is an expense (money out)? (a) tutoring fees received (b) paying the stall fee (c) a card order paid (d) cash from selling plants
29. 29.True or false: “buying lemons” is income (money in). (a) True (b) False
30. 30.📒 Income or expense: paying the stall fee? (a) income (b) expense
31. 31.Joseph’s record for the day:
    Income: ₹260 (morning sales)
    Income: ₹100 (evening sales)
    Expense: ₹70 (ribbon)
    Expense: ₹30 (card paper)
    What is the profit (in ₹)?
32. 32.Tara’s stall took in ₹260 on Friday, ₹90 on Saturday and ₹120 on Sunday. What was the total income (in ₹)?
33. 33.Aarav’s stall took in ₹170 on Friday, ₹60 on Saturday and ₹280 on Sunday. What was the total income (in ₹)?
34. 34.Meera’s record for the day:
    Income: ₹150 (morning sales)
    Income: ₹200 (evening sales)
    Expense: ₹50 (lemons)
    Expense: ₹80 (sugar)
    What is the profit (in ₹)?
35. 35.True or false: “cash from selling plants” is income (money in). (a) True (b) False
36. 36.📒 Income or expense: tutoring fees received? (a) income (b) expense
37. 37.True or false: “payment for a cake order” is income (money in). (a) True (b) False
38. 38.Lakshmi’s record for the day:
    Income: ₹140 (morning sales)
    Income: ₹230 (evening sales)
    Expense: ₹60 (transport)
    Expense: ₹110 (posters)
    What is the profit (in ₹)?
39. 39.Which of these is an expense (money out)? (a) a card order paid (b) bus fare to the market (c) cash from selling plants (d) tutoring fees received
40. 40.True or false: “printing posters” is income (money in). (a) True (b) False

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