Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 511 · 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.Ananya’s stall took in ₹190 on Friday, ₹320 on Saturday and ₹380 on Sunday. What was the total income (in ₹)?
2. 2.Which of these is income (money in)? (a) buying paper cups (b) money from sales (c) paying the stall fee (d) printing posters
3. 3.Gurpreet’s record for a rainy day:
   Income: ₹300 (sales)
   Expense: ₹90 (transport)
   Expense: ₹260 (paper cups)
   How much is the loss (in ₹)?
4. 4.📒 Income or expense: a card order paid? (a) expense (b) income
5. 5.Aarav’s record for a rainy day:
   Income: ₹60 (sales)
   Expense: ₹20 (lemons)
   Expense: ₹90 (stall fee)
   How much is the loss (in ₹)?
6. 6.Farhan’s record for a rainy day:
   Income: ₹230 (sales)
   Expense: ₹110 (lemons)
   Expense: ₹160 (stall fee)
   How much is the loss (in ₹)?
7. 7.Zoya’s record for a rainy day:
   Income: ₹160 (sales)
   Expense: ₹170 (sugar)
   Expense: ₹40 (paper cups)
   How much is the loss (in ₹)?
8. 8.True or false: “buying paper cups” is income (money in). (a) True (b) False
9. 9.Vihaan’s income was ₹400 and the profit was ₹20. One expense was ₹70 (stall fee). How much was the other expense, for sugar (in ₹)?
10. 10.📒 Income or expense: tutoring fees received? (a) expense (b) income
11. 11.Arjun’s record for a rainy day:
    Income: ₹220 (sales)
    Expense: ₹110 (transport)
    Expense: ₹160 (paper cups)
    How much is the loss (in ₹)?
12. 12.📒 Income or expense: printing posters? (a) income (b) expense
13. 13.Meera’s stall took in ₹90 on Friday, ₹120 on Saturday and ₹300 on Sunday. What was the total income (in ₹)?
14. 14.Which of these is an expense (money out)? (a) paying the stall fee (b) a card order paid (c) tutoring fees received (d) money from sales
15. 15.Meera’s stall took in ₹130 on Friday, ₹290 on Saturday and ₹340 on Sunday. What was the total income (in ₹)?
16. 16.Saanvi’s record for the day:
    Income: ₹80 (morning sales)
    Income: ₹240 (evening sales)
    Expense: ₹60 (sugar)
    Expense: ₹140 (lemons)
    What is the profit (in ₹)?
17. 17.True or false: “a card order paid” is an expense (money out). (a) True (b) False
18. 18.Which of these is income (money in)? (a) buying paper cups (b) printing posters (c) payment for a cake order (d) bus fare to the market
19. 19.Joseph’s stall took in ₹390 on Friday, ₹60 on Saturday and ₹290 on Sunday. What was the total income (in ₹)?
20. 20.Arjun’s record for a rainy day:
    Income: ₹270 (sales)
    Expense: ₹310 (paper cups)
    Expense: ₹20 (posters)
    How much is the loss (in ₹)?
21. 21.Farhan’s income was ₹460 and the profit was ₹60. One expense was ₹240 (stall fee). How much was the other expense, for paper cups (in ₹)?
22. 22.Arjun’s record for a rainy day:
    Income: ₹270 (sales)
    Expense: ₹110 (posters)
    Expense: ₹190 (stall fee)
    How much is the loss (in ₹)?
23. 23.Joseph’s record for the day:
    Income: ₹240 (morning sales)
    Income: ₹320 (evening sales)
    Expense: ₹110 (sugar)
    Expense: ₹150 (transport)
    What is the profit (in ₹)?
24. 24.Riya’s record for the day:
    Income: ₹70 (morning sales)
    Income: ₹310 (evening sales)
    Expense: ₹190 (stall fee)
    Expense: ₹80 (transport)
    What is the profit (in ₹)?
25. 25.True or false: “payment for a cake order” is an expense (money out). (a) True (b) False
26. 26.Which of these is income (money in)? (a) paying the stall fee (b) buying lemons (c) a card order paid (d) printing posters
27. 27.Rohan’s stall took in ₹110 on Friday, ₹150 on Saturday and ₹100 on Sunday. What was the total income (in ₹)?
28. 28.Tara’s record for a rainy day:
    Income: ₹250 (sales)
    Expense: ₹170 (stall fee)
    Expense: ₹100 (transport)
    How much is the loss (in ₹)?
29. 29.📒 Income or expense: bus fare to the market? (a) expense (b) income
30. 30.🧾 What should you keep after buying supplies? (a) the bill or receipt (b) a selfie (c) nothing (d) only the bag
31. 31.Which of these is an expense (money out)? (a) money from sales (b) buying lemons (c) payment for a cake order (d) cash from selling plants
32. 32.True or false: “money from sales” is income (money in). (a) True (b) False
33. 33.Aarav’s record for the day:
    Income: ₹150 (morning sales)
    Income: ₹60 (evening sales)
    Expense: ₹180 (transport)
    Expense: ₹20 (lemons)
    What is the profit (in ₹)?
34. 34.Ananya’s stall took in ₹290 on Friday, ₹200 on Saturday and ₹390 on Sunday. What was the total income (in ₹)?
35. 35.Kavya’s record for the day:
    Income: ₹180 (morning sales)
    Income: ₹80 (evening sales)
    Expense: ₹80 (transport)
    Expense: ₹120 (posters)
    What is the profit (in ₹)?
36. 36.Zoya’s record for the day:
    Income: ₹20 (morning sales)
    Income: ₹210 (evening sales)
    Expense: ₹40 (card paper)
    Expense: ₹150 (stall fee)
    What is the profit (in ₹)?
37. 37.Farhan’s stall took in ₹160 on Friday, ₹380 on Saturday and ₹230 on Sunday. What was the total income (in ₹)?
38. 38.📒 Why write down every sale and cost? (a) to look busy (b) to fill a notebook (c) no reason (d) to know the real profit
39. 39.Nisha’s income was ₹130 and the profit was ₹50. One expense was ₹40 (card paper). How much was the other expense, for paper cups (in ₹)?
40. 40.Rohan’s stall took in ₹330 on Friday, ₹360 on Saturday and ₹80 on Sunday. What was the total income (in ₹)?

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