Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 521 · 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.Ishaan’s stall took in ₹330 on Friday, ₹90 on Saturday and ₹290 on Sunday. What was the total income (in ₹)?
2. 2.Meera’s income was ₹290 and the profit was ₹260. One expense was ₹20 (lemons). How much was the other expense, for ribbon (in ₹)?
3. 3.Gurpreet’s record for the day:
   Income: ₹20 (morning sales)
   Income: ₹380 (evening sales)
   Expense: ₹30 (lemons)
   Expense: ₹180 (paper cups)
   What is the profit (in ₹)?
4. 4.📒 Income or expense: tutoring fees received? (a) expense (b) income
5. 5.True or false: “a card order paid” is an expense (money out). (a) False (b) True
6. 6.Which of these is an expense (money out)? (a) cash from selling plants (b) tutoring fees received (c) buying paper cups (d) money from sales
7. 7.Ishaan’s income was ₹170 and the profit was ₹80. One expense was ₹30 (posters). How much was the other expense, for lemons (in ₹)?
8. 8.Kavya’s record for the day:
   Income: ₹360 (morning sales)
   Income: ₹50 (evening sales)
   Expense: ₹180 (lemons)
   Expense: ₹180 (paper cups)
   What is the profit (in ₹)?
9. 9.Saanvi’s record for the day:
   Income: ₹180 (morning sales)
   Income: ₹20 (evening sales)
   Expense: ₹80 (posters)
   Expense: ₹110 (card paper)
   What is the profit (in ₹)?
10. 10.📒 Income or expense: cash from selling plants? (a) expense (b) income
11. 11.Nisha’s income was ₹340 and the profit was ₹70. One expense was ₹110 (transport). How much was the other expense, for stall fee (in ₹)?
12. 12.Which of these is income (money in)? (a) buying lemons (b) printing posters (c) a card order paid (d) buying paper cups
13. 13.True or false: “bus fare to the market” is an expense (money out). (a) False (b) True
14. 14.Lakshmi’s record for the day:
    Income: ₹50 (morning sales)
    Income: ₹240 (evening sales)
    Expense: ₹70 (posters)
    Expense: ₹110 (lemons)
    What is the profit (in ₹)?
15. 15.Riya’s income was ₹430 and the profit was ₹280. One expense was ₹140 (stall fee). How much was the other expense, for ribbon (in ₹)?
16. 16.True or false: “printing posters” is an expense (money out). (a) True (b) False
17. 17.Kabir’s income was ₹200 and the profit was ₹160. One expense was ₹20 (sugar). How much was the other expense, for lemons (in ₹)?
18. 18.Lakshmi’s record for the day:
    Income: ₹260 (morning sales)
    Income: ₹50 (evening sales)
    Expense: ₹170 (paper cups)
    Expense: ₹120 (lemons)
    What is the profit (in ₹)?
19. 19.Meera’s record for a rainy day:
    Income: ₹140 (sales)
    Expense: ₹140 (card paper)
    Expense: ₹70 (lemons)
    How much is the loss (in ₹)?
20. 20.True or false: “bus fare to the market” is income (money in). (a) True (b) False
21. 21.📒 Income or expense: bus fare to the market? (a) income (b) expense
22. 22.Lakshmi’s record for a rainy day:
    Income: ₹120 (sales)
    Expense: ₹40 (sugar)
    Expense: ₹110 (transport)
    How much is the loss (in ₹)?
23. 23.Ananya’s record for the day:
    Income: ₹280 (morning sales)
    Income: ₹190 (evening sales)
    Expense: ₹160 (card paper)
    Expense: ₹100 (lemons)
    What is the profit (in ₹)?
24. 24.📅 When is the best time to update your records? (a) once a year (b) never (c) whenever you like (d) the same day
25. 25.Farhan’s record for the day:
    Income: ₹110 (morning sales)
    Income: ₹120 (evening sales)
    Expense: ₹40 (paper cups)
    Expense: ₹70 (stall fee)
    What is the profit (in ₹)?
26. 26.Which of these is income (money in)? (a) printing posters (b) buying lemons (c) money from sales (d) paying the stall fee
27. 27.📒 Income or expense: paying the stall fee? (a) expense (b) income
28. 28.Gurpreet’s record for a rainy day:
    Income: ₹240 (sales)
    Expense: ₹260 (transport)
    Expense: ₹80 (paper cups)
    How much is the loss (in ₹)?
29. 29.True or false: “a card order paid” is income (money in). (a) False (b) True
30. 30.🧾 What should you keep after buying supplies? (a) nothing (b) only the bag (c) a selfie (d) the bill or receipt
31. 31.True or false: “cash from selling plants” is income (money in). (a) True (b) False
32. 32.Diya’s stall took in ₹70 on Friday, ₹200 on Saturday and ₹130 on Sunday. What was the total income (in ₹)?
33. 33.Joseph’s record for the day:
    Income: ₹90 (morning sales)
    Income: ₹70 (evening sales)
    Expense: ₹50 (sugar)
    Expense: ₹20 (paper cups)
    What is the profit (in ₹)?
34. 34.True or false: “buying lemons” is income (money in). (a) False (b) True
35. 35.Farhan’s stall took in ₹60 on Friday, ₹310 on Saturday and ₹120 on Sunday. What was the total income (in ₹)?
36. 36.Meera’s record for a rainy day:
    Income: ₹230 (sales)
    Expense: ₹160 (lemons)
    Expense: ₹170 (paper cups)
    How much is the loss (in ₹)?
37. 37.Lakshmi’s record for the day:
    Income: ₹70 (morning sales)
    Income: ₹230 (evening sales)
    Expense: ₹100 (sugar)
    Expense: ₹70 (card paper)
    What is the profit (in ₹)?
38. 38.Kabir’s record for the day:
    Income: ₹20 (morning sales)
    Income: ₹420 (evening sales)
    Expense: ₹90 (card paper)
    Expense: ₹200 (paper cups)
    What is the profit (in ₹)?
39. 39.Arjun’s stall took in ₹270 on Friday, ₹50 on Saturday and ₹310 on Sunday. What was the total income (in ₹)?
40. 40.Gurpreet’s record for the day:
    Income: ₹300 (morning sales)
    Income: ₹30 (evening sales)
    Expense: ₹180 (lemons)
    Expense: ₹140 (posters)
    What is the profit (in ₹)?

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