Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 490 · 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.📒 Income or expense: a card order paid? (a) income (b) expense
2. 2.📒 Income or expense: paying the stall fee? (a) income (b) expense
3. 3.Which of these is an expense (money out)? (a) money from sales (b) tutoring fees received (c) a card order paid (d) printing posters
4. 4.Meera’s record for a rainy day:
   Income: ₹60 (sales)
   Expense: ₹40 (transport)
   Expense: ₹70 (paper cups)
   How much is the loss (in ₹)?
5. 5.Which of these is income (money in)? (a) buying paper cups (b) buying lemons (c) paying the stall fee (d) a card order paid
6. 6.True or false: “payment for a cake order” is income (money in). (a) True (b) False
7. 7.Gurpreet’s stall took in ₹150 on Friday, ₹380 on Saturday and ₹200 on Sunday. What was the total income (in ₹)?
8. 8.Arjun’s stall took in ₹290 on Friday, ₹150 on Saturday and ₹60 on Sunday. What was the total income (in ₹)?
9. 9.Which of these is income (money in)? (a) printing posters (b) bus fare to the market (c) buying paper cups (d) cash from selling plants
10. 10.Meera’s income was ₹180 and the profit was ₹90. One expense was ₹10 (paper cups). How much was the other expense, for transport (in ₹)?
11. 11.Arjun’s income was ₹180 and the profit was ₹160. One expense was ₹10 (sugar). How much was the other expense, for ribbon (in ₹)?
12. 12.🧾 What should you keep after buying supplies? (a) the bill or receipt (b) nothing (c) a selfie (d) only the bag
13. 13.➖ Profit in your records = (a) income + expenses (b) just the income (c) expenses − income (d) income − expenses
14. 14.Rohan’s stall took in ₹300 on Friday, ₹200 on Saturday and ₹160 on Sunday. What was the total income (in ₹)?
15. 15.Kabir’s income was ₹230 and the profit was ₹20. One expense was ₹70 (ribbon). How much was the other expense, for transport (in ₹)?
16. 16.Arjun’s record for the day:
    Income: ₹100 (morning sales)
    Income: ₹270 (evening sales)
    Expense: ₹20 (sugar)
    Expense: ₹60 (card paper)
    What is the profit (in ₹)?
17. 17.📒 Income or expense: payment for a cake order? (a) income (b) expense
18. 18.True or false: “tutoring fees received” is an expense (money out). (a) True (b) False
19. 19.Nisha’s record for the day:
    Income: ₹150 (morning sales)
    Income: ₹70 (evening sales)
    Expense: ₹30 (stall fee)
    Expense: ₹100 (paper cups)
    What is the profit (in ₹)?
20. 20.Aarav’s stall took in ₹360 on Friday, ₹360 on Saturday and ₹300 on Sunday. What was the total income (in ₹)?
21. 21.📒 Income or expense: tutoring fees received? (a) expense (b) income
22. 22.True or false: “buying lemons” is income (money in). (a) False (b) True
23. 23.True or false: “cash from selling plants” is an expense (money out). (a) True (b) False
24. 24.Diya’s record for the day:
    Income: ₹80 (morning sales)
    Income: ₹390 (evening sales)
    Expense: ₹90 (ribbon)
    Expense: ₹110 (stall fee)
    What is the profit (in ₹)?
25. 25.Kavya’s income was ₹210 and the profit was ₹20. One expense was ₹130 (posters). How much was the other expense, for card paper (in ₹)?
26. 26.Which of these is an expense (money out)? (a) tutoring fees received (b) a card order paid (c) money from sales (d) buying lemons
27. 27.Vihaan’s income was ₹390 and the profit was ₹90. One expense was ₹50 (lemons). How much was the other expense, for paper cups (in ₹)?
28. 28.Joseph’s stall took in ₹220 on Friday, ₹170 on Saturday and ₹130 on Sunday. What was the total income (in ₹)?
29. 29.Which of these is an expense (money out)? (a) money from sales (b) tutoring fees received (c) paying the stall fee (d) a card order paid
30. 30.📒 Income or expense: buying paper cups? (a) expense (b) income
31. 31.📒 Income or expense: printing posters? (a) expense (b) income
32. 32.True or false: “tutoring fees received” is income (money in). (a) False (b) True
33. 33.Ananya’s income was ₹500 and the profit was ₹210. One expense was ₹80 (transport). How much was the other expense, for lemons (in ₹)?
34. 34.Gurpreet’s record for a rainy day:
    Income: ₹250 (sales)
    Expense: ₹260 (sugar)
    Expense: ₹80 (transport)
    How much is the loss (in ₹)?
35. 35.Saanvi’s record for the day:
    Income: ₹190 (morning sales)
    Income: ₹120 (evening sales)
    Expense: ₹160 (transport)
    Expense: ₹130 (sugar)
    What is the profit (in ₹)?
36. 36.Gurpreet’s income was ₹200 and the profit was ₹20. One expense was ₹130 (posters). How much was the other expense, for card paper (in ₹)?
37. 37.Kabir’s income was ₹390 and the profit was ₹250. One expense was ₹80 (sugar). How much was the other expense, for lemons (in ₹)?
38. 38.Ishaan’s income was ₹200 and the profit was ₹150. One expense was ₹30 (sugar). How much was the other expense, for card paper (in ₹)?
39. 39.Rohan’s record for the day:
    Income: ₹250 (morning sales)
    Income: ₹200 (evening sales)
    Expense: ₹190 (posters)
    Expense: ₹200 (paper cups)
    What is the profit (in ₹)?
40. 40.Saanvi’s record for the day:
    Income: ₹60 (morning sales)
    Income: ₹620 (evening sales)
    Expense: ₹200 (sugar)
    Expense: ₹190 (ribbon)
    What is the profit (in ₹)?

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