Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 509 · 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.Saanvi’s record for the day:
   Income: ₹370 (morning sales)
   Income: ₹40 (evening sales)
   Expense: ₹80 (lemons)
   Expense: ₹60 (ribbon)
   What is the profit (in ₹)?
2. 2.Dev’s record for the day:
   Income: ₹400 (morning sales)
   Income: ₹30 (evening sales)
   Expense: ₹150 (ribbon)
   Expense: ₹150 (posters)
   What is the profit (in ₹)?
3. 3.📒 Why write down every sale and cost? (a) to fill a notebook (b) no reason (c) to know the real profit (d) to look busy
4. 4.Ananya’s income was ₹230 and the profit was ₹180. One expense was ₹20 (ribbon). How much was the other expense, for posters (in ₹)?
5. 5.True or false: “buying paper cups” is an expense (money out). (a) False (b) True
6. 6.Ananya’s record for the day:
   Income: ₹30 (morning sales)
   Income: ₹430 (evening sales)
   Expense: ₹120 (ribbon)
   Expense: ₹40 (lemons)
   What is the profit (in ₹)?
7. 7.Diya’s stall took in ₹210 on Friday, ₹130 on Saturday and ₹340 on Sunday. What was the total income (in ₹)?
8. 8.Vihaan’s record for the day:
   Income: ₹20 (morning sales)
   Income: ₹220 (evening sales)
   Expense: ₹50 (paper cups)
   Expense: ₹70 (sugar)
   What is the profit (in ₹)?
9. 9.Which of these is income (money in)? (a) paying the stall fee (b) money from sales (c) buying paper cups (d) bus fare to the market
10. 10.Saanvi’s stall took in ₹360 on Friday, ₹210 on Saturday and ₹110 on Sunday. What was the total income (in ₹)?
11. 11.Lakshmi’s stall took in ₹360 on Friday, ₹80 on Saturday and ₹280 on Sunday. What was the total income (in ₹)?
12. 12.Which of these is an expense (money out)? (a) payment for a cake order (b) bus fare to the market (c) tutoring fees received (d) a card order paid
13. 13.🧾 What should you keep after buying supplies? (a) a selfie (b) only the bag (c) the bill or receipt (d) nothing
14. 14.True or false: “buying paper cups” is income (money in). (a) False (b) True
15. 15.Ananya’s record for a rainy day:
    Income: ₹60 (sales)
    Expense: ₹20 (paper cups)
    Expense: ₹140 (lemons)
    How much is the loss (in ₹)?
16. 16.Which of these is income (money in)? (a) bus fare to the market (b) buying lemons (c) tutoring fees received (d) paying the stall fee
17. 17.Ananya’s record for the day:
    Income: ₹240 (morning sales)
    Income: ₹260 (evening sales)
    Expense: ₹90 (stall fee)
    Expense: ₹150 (posters)
    What is the profit (in ₹)?
18. 18.Dev’s stall took in ₹60 on Friday, ₹360 on Saturday and ₹70 on Sunday. What was the total income (in ₹)?
19. 19.📒 Income or expense: payment for a cake order? (a) income (b) expense
20. 20.Zoya’s record for a rainy day:
    Income: ₹100 (sales)
    Expense: ₹30 (card paper)
    Expense: ₹130 (lemons)
    How much is the loss (in ₹)?
21. 21.True or false: “bus fare to the market” is income (money in). (a) True (b) False
22. 22.True or false: “a card order paid” is an expense (money out). (a) True (b) False
23. 23.True or false: “tutoring fees received” is an expense (money out). (a) False (b) True
24. 24.Gurpreet’s stall took in ₹370 on Friday, ₹210 on Saturday and ₹70 on Sunday. What was the total income (in ₹)?
25. 25.Diya’s record for the day:
    Income: ₹210 (morning sales)
    Income: ₹130 (evening sales)
    Expense: ₹80 (lemons)
    Expense: ₹190 (stall fee)
    What is the profit (in ₹)?
26. 26.Aarav’s record for the day:
    Income: ₹340 (morning sales)
    Income: ₹80 (evening sales)
    Expense: ₹180 (transport)
    Expense: ₹20 (ribbon)
    What is the profit (in ₹)?
27. 27.Which of these is an expense (money out)? (a) money from sales (b) buying lemons (c) cash from selling plants (d) a card order paid
28. 28.📒 Income or expense: tutoring fees received? (a) income (b) expense
29. 29.📅 When is the best time to update your records? (a) the same day (b) never (c) once a year (d) whenever you like
30. 30.Which of these is income (money in)? (a) buying lemons (b) printing posters (c) paying the stall fee (d) cash from selling plants
31. 31.Meera’s income was ₹180 and the profit was ₹90. One expense was ₹10 (sugar). How much was the other expense, for ribbon (in ₹)?
32. 32.Lakshmi’s record for the day:
    Income: ₹230 (morning sales)
    Income: ₹180 (evening sales)
    Expense: ₹100 (ribbon)
    Expense: ₹160 (posters)
    What is the profit (in ₹)?
33. 33.Kabir’s record for the day:
    Income: ₹230 (morning sales)
    Income: ₹20 (evening sales)
    Expense: ₹110 (posters)
    Expense: ₹20 (card paper)
    What is the profit (in ₹)?
34. 34.📒 Income or expense: buying lemons? (a) income (b) expense
35. 35.📒 Income or expense: printing posters? (a) expense (b) income
36. 36.Riya’s record for the day:
    Income: ₹40 (morning sales)
    Income: ₹160 (evening sales)
    Expense: ₹30 (sugar)
    Expense: ₹110 (posters)
    What is the profit (in ₹)?
37. 37.Aarav’s record for the day:
    Income: ₹60 (morning sales)
    Income: ₹20 (evening sales)
    Expense: ₹50 (sugar)
    Expense: ₹20 (transport)
    What is the profit (in ₹)?
38. 38.Riya’s income was ₹500 and the profit was ₹310. One expense was ₹20 (sugar). How much was the other expense, for posters (in ₹)?
39. 39.Tara’s record for a rainy day:
    Income: ₹300 (sales)
    Expense: ₹200 (stall fee)
    Expense: ₹120 (transport)
    How much is the loss (in ₹)?
40. 40.Joseph’s record for a rainy day:
    Income: ₹180 (sales)
    Expense: ₹30 (posters)
    Expense: ₹190 (paper cups)
    How much is the loss (in ₹)?

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