Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 512 · 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.🧾 What should you keep after buying supplies? (a) a selfie (b) only the bag (c) nothing (d) the bill or receipt
2. 2.True or false: “bus fare to the market” is income (money in). (a) False (b) True
3. 3.Vihaan’s record for a rainy day:
   Income: ₹90 (sales)
   Expense: ₹70 (sugar)
   Expense: ₹50 (lemons)
   How much is the loss (in ₹)?
4. 4.True or false: “printing posters” is an expense (money out). (a) True (b) False
5. 5.📒 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
6. 6.True or false: “paying the stall fee” is an expense (money out). (a) True (b) False
7. 7.Ananya’s record for the day:
   Income: ₹90 (morning sales)
   Income: ₹200 (evening sales)
   Expense: ₹80 (stall fee)
   Expense: ₹20 (posters)
   What is the profit (in ₹)?
8. 8.Saanvi’s record for a rainy day:
   Income: ₹150 (sales)
   Expense: ₹210 (card paper)
   Expense: ₹40 (sugar)
   How much is the loss (in ₹)?
9. 9.Lakshmi’s record for a rainy day:
   Income: ₹70 (sales)
   Expense: ₹30 (ribbon)
   Expense: ₹100 (card paper)
   How much is the loss (in ₹)?
10. 10.Farhan’s stall took in ₹180 on Friday, ₹50 on Saturday and ₹400 on Sunday. What was the total income (in ₹)?
11. 11.📒 Income or expense: bus fare to the market? (a) income (b) expense
12. 12.Which of these is income (money in)? (a) bus fare to the market (b) buying lemons (c) printing posters (d) cash from selling plants
13. 13.Vihaan’s income was ₹150 and the profit was ₹110. One expense was ₹20 (card paper). How much was the other expense, for paper cups (in ₹)?
14. 14.Farhan’s income was ₹240 and the profit was ₹60. One expense was ₹140 (posters). How much was the other expense, for sugar (in ₹)?
15. 15.Which of these is an expense (money out)? (a) tutoring fees received (b) paying the stall fee (c) cash from selling plants (d) payment for a cake order
16. 16.Saanvi’s stall took in ₹190 on Friday, ₹150 on Saturday and ₹310 on Sunday. What was the total income (in ₹)?
17. 17.True or false: “buying lemons” is an expense (money out). (a) False (b) True
18. 18.Kavya’s income was ₹290 and the profit was ₹10. One expense was ₹80 (lemons). How much was the other expense, for card paper (in ₹)?
19. 19.Riya’s record for a rainy day:
    Income: ₹110 (sales)
    Expense: ₹130 (paper cups)
    Expense: ₹60 (transport)
    How much is the loss (in ₹)?
20. 20.Which of these is income (money in)? (a) bus fare to the market (b) tutoring fees received (c) printing posters (d) paying the stall fee
21. 21.True or false: “tutoring fees received” is income (money in). (a) False (b) True
22. 22.Zoya’s record for a rainy day:
    Income: ₹240 (sales)
    Expense: ₹230 (transport)
    Expense: ₹50 (stall fee)
    How much is the loss (in ₹)?
23. 23.Gurpreet’s income was ₹100 and the profit was ₹10. One expense was ₹10 (paper cups). How much was the other expense, for posters (in ₹)?
24. 24.Which of these is an expense (money out)? (a) cash from selling plants (b) money from sales (c) printing posters (d) tutoring fees received
25. 25.Which of these is an expense (money out)? (a) a card order paid (b) money from sales (c) tutoring fees received (d) bus fare to the market
26. 26.Vihaan’s record for the day:
    Income: ₹330 (morning sales)
    Income: ₹130 (evening sales)
    Expense: ₹170 (sugar)
    Expense: ₹50 (ribbon)
    What is the profit (in ₹)?
27. 27.Gurpreet’s income was ₹110 and the profit was ₹30. One expense was ₹70 (transport). How much was the other expense, for stall fee (in ₹)?
28. 28.Riya’s record for the day:
    Income: ₹90 (morning sales)
    Income: ₹370 (evening sales)
    Expense: ₹130 (paper cups)
    Expense: ₹190 (transport)
    What is the profit (in ₹)?
29. 29.Nisha’s record for the day:
    Income: ₹230 (morning sales)
    Income: ₹60 (evening sales)
    Expense: ₹50 (lemons)
    Expense: ₹40 (card paper)
    What is the profit (in ₹)?
30. 30.Aarav’s income was ₹100 and the profit was ₹20. One expense was ₹60 (stall fee). How much was the other expense, for lemons (in ₹)?
31. 31.Rohan’s record for the day:
    Income: ₹250 (morning sales)
    Income: ₹220 (evening sales)
    Expense: ₹200 (sugar)
    Expense: ₹190 (ribbon)
    What is the profit (in ₹)?
32. 32.Dev’s income was ₹500 and the profit was ₹270. One expense was ₹190 (stall fee). How much was the other expense, for sugar (in ₹)?
33. 33.Lakshmi’s stall took in ₹250 on Friday, ₹210 on Saturday and ₹50 on Sunday. What was the total income (in ₹)?
34. 34.Diya’s record for the day:
    Income: ₹20 (morning sales)
    Income: ₹420 (evening sales)
    Expense: ₹200 (posters)
    Expense: ₹160 (card paper)
    What is the profit (in ₹)?
35. 35.Rohan’s stall took in ₹380 on Friday, ₹70 on Saturday and ₹320 on Sunday. What was the total income (in ₹)?
36. 36.Tara’s record for the day:
    Income: ₹90 (morning sales)
    Income: ₹200 (evening sales)
    Expense: ₹70 (lemons)
    Expense: ₹60 (paper cups)
    What is the profit (in ₹)?
37. 37.True or false: “cash from selling plants” is income (money in). (a) False (b) True
38. 38.Rohan’s record for the day:
    Income: ₹40 (morning sales)
    Income: ₹370 (evening sales)
    Expense: ₹160 (stall fee)
    Expense: ₹170 (paper cups)
    What is the profit (in ₹)?
39. 39.📒 Income or expense: a card order paid? (a) expense (b) income
40. 40.Dev’s stall took in ₹350 on Friday, ₹280 on Saturday and ₹260 on Sunday. What was the total income (in ₹)?

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