Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 552 · 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.Diya’s income was ₹410 and the profit was ₹160. One expense was ₹40 (stall fee). How much was the other expense, for transport (in ₹)?
2. 2.Aarav’s stall took in ₹280 on Friday, ₹280 on Saturday and ₹270 on Sunday. What was the total income (in ₹)?
3. 3.Kavya’s record for a rainy day:
   Income: ₹80 (sales)
   Expense: ₹10 (lemons)
   Expense: ₹100 (ribbon)
   How much is the loss (in ₹)?
4. 4.True or false: “buying lemons” is income (money in). (a) False (b) True
5. 5.True or false: “paying the stall fee” is income (money in). (a) False (b) True
6. 6.🧾 What should you keep after buying supplies? (a) nothing (b) a selfie (c) the bill or receipt (d) only the bag
7. 7.Meera’s record for the day:
   Income: ₹480 (morning sales)
   Income: ₹30 (evening sales)
   Expense: ₹110 (ribbon)
   Expense: ₹200 (card paper)
   What is the profit (in ₹)?
8. 8.True or false: “buying paper cups” is an expense (money out). (a) False (b) True
9. 9.Which of these is an expense (money out)? (a) a card order paid (b) payment for a cake order (c) tutoring fees received (d) bus fare to the market
10. 10.📅 When is the best time to update your records? (a) whenever you like (b) the same day (c) never (d) once a year
11. 11.Kabir’s record for a rainy day:
    Income: ₹300 (sales)
    Expense: ₹80 (paper cups)
    Expense: ₹240 (stall fee)
    How much is the loss (in ₹)?
12. 12.📒 Income or expense: tutoring fees received? (a) expense (b) income
13. 13.True or false: “money from sales” is an expense (money out). (a) False (b) True
14. 14.Which of these is an expense (money out)? (a) printing posters (b) money from sales (c) cash from selling plants (d) payment for a cake order
15. 15.➖ Profit in your records = (a) income − expenses (b) just the income (c) expenses − income (d) income + expenses
16. 16.True or false: “buying paper cups” is income (money in). (a) True (b) False
17. 17.Which of these is an expense (money out)? (a) a card order paid (b) paying the stall fee (c) tutoring fees received (d) payment for a cake order
18. 18.📒 Income or expense: bus fare to the market? (a) income (b) expense
19. 19.True or false: “cash from selling plants” is an expense (money out). (a) True (b) False
20. 20.True or false: “paying the stall fee” is an expense (money out). (a) False (b) True
21. 21.Which of these is income (money in)? (a) printing posters (b) buying lemons (c) a card order paid (d) bus fare to the market
22. 22.Rohan’s record for the day:
    Income: ₹470 (morning sales)
    Income: ₹60 (evening sales)
    Expense: ₹190 (transport)
    Expense: ₹140 (stall fee)
    What is the profit (in ₹)?
23. 23.📒 Income or expense: money from sales? (a) income (b) expense
24. 24.True or false: “cash from selling plants” is income (money in). (a) True (b) False
25. 25.Tara’s record for a rainy day:
    Income: ₹240 (sales)
    Expense: ₹10 (posters)
    Expense: ₹250 (sugar)
    How much is the loss (in ₹)?
26. 26.Rohan’s stall took in ₹170 on Friday, ₹250 on Saturday and ₹70 on Sunday. What was the total income (in ₹)?
27. 27.Dev’s stall took in ₹60 on Friday, ₹120 on Saturday and ₹210 on Sunday. What was the total income (in ₹)?
28. 28.Ishaan’s record for the day:
    Income: ₹220 (morning sales)
    Income: ₹200 (evening sales)
    Expense: ₹190 (sugar)
    Expense: ₹70 (card paper)
    What is the profit (in ₹)?
29. 29.Meera’s record for the day:
    Income: ₹330 (morning sales)
    Income: ₹70 (evening sales)
    Expense: ₹50 (lemons)
    Expense: ₹90 (paper cups)
    What is the profit (in ₹)?
30. 30.Zoya’s stall took in ₹350 on Friday, ₹250 on Saturday and ₹70 on Sunday. What was the total income (in ₹)?
31. 31.Which of these is income (money in)? (a) cash from selling plants (b) buying paper cups (c) printing posters (d) paying the stall fee
32. 32.Arjun’s record for the day:
    Income: ₹180 (morning sales)
    Income: ₹290 (evening sales)
    Expense: ₹20 (stall fee)
    Expense: ₹200 (paper cups)
    What is the profit (in ₹)?
33. 33.📒 Income or expense: payment for a cake order? (a) expense (b) income
34. 34.📒 Income or expense: cash from selling plants? (a) income (b) expense
35. 35.Riya’s stall took in ₹300 on Friday, ₹360 on Saturday and ₹50 on Sunday. What was the total income (in ₹)?
36. 36.Gurpreet’s income was ₹480 and the profit was ₹110. One expense was ₹340 (stall fee). How much was the other expense, for paper cups (in ₹)?
37. 37.True or false: “tutoring fees received” is an expense (money out). (a) False (b) True
38. 38.Ishaan’s stall took in ₹340 on Friday, ₹270 on Saturday and ₹160 on Sunday. What was the total income (in ₹)?
39. 39.Lakshmi’s stall took in ₹140 on Friday, ₹240 on Saturday and ₹110 on Sunday. What was the total income (in ₹)?
40. 40.Joseph’s record for the day:
    Income: ₹190 (morning sales)
    Income: ₹100 (evening sales)
    Expense: ₹70 (stall fee)
    Expense: ₹180 (sugar)
    What is the profit (in ₹)?

Free entrepreneurship lessons, practice and worksheets at talentjr.in/entrepreneurship-for-kids