Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 567 · 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.Which of these is income (money in)? (a) payment for a cake order (b) printing posters (c) buying lemons (d) bus fare to the market
2. 2.➖ Profit in your records = (a) expenses − income (b) income + expenses (c) income − expenses (d) just the income
3. 3.True or false: “paying the stall fee” is income (money in). (a) False (b) True
4. 4.Rohan’s stall took in ₹50 on Friday, ₹250 on Saturday and ₹140 on Sunday. What was the total income (in ₹)?
5. 5.Meera’s stall took in ₹140 on Friday, ₹260 on Saturday and ₹200 on Sunday. What was the total income (in ₹)?
6. 6.Ishaan’s stall took in ₹270 on Friday, ₹210 on Saturday and ₹90 on Sunday. What was the total income (in ₹)?
7. 7.Vihaan’s income was ₹260 and the profit was ₹150. One expense was ₹10 (sugar). How much was the other expense, for posters (in ₹)?
8. 8.📅 When is the best time to update your records? (a) once a year (b) never (c) the same day (d) whenever you like
9. 9.Which of these is an expense (money out)? (a) paying the stall fee (b) a card order paid (c) payment for a cake order (d) cash from selling plants
10. 10.Arjun’s record for a rainy day:
    Income: ₹180 (sales)
    Expense: ₹200 (sugar)
    Expense: ₹20 (paper cups)
    How much is the loss (in ₹)?
11. 11.Meera’s record for a rainy day:
    Income: ₹160 (sales)
    Expense: ₹160 (lemons)
    Expense: ₹70 (stall fee)
    How much is the loss (in ₹)?
12. 12.Zoya’s record for a rainy day:
    Income: ₹230 (sales)
    Expense: ₹190 (card paper)
    Expense: ₹60 (stall fee)
    How much is the loss (in ₹)?
13. 13.Dev’s record for a rainy day:
    Income: ₹230 (sales)
    Expense: ₹10 (lemons)
    Expense: ₹230 (paper cups)
    How much is the loss (in ₹)?
14. 14.Aarav’s record for a rainy day:
    Income: ₹190 (sales)
    Expense: ₹240 (posters)
    Expense: ₹50 (stall fee)
    How much is the loss (in ₹)?
15. 15.Which of these is income (money in)? (a) buying paper cups (b) paying the stall fee (c) tutoring fees received (d) buying lemons
16. 16.📒 Income or expense: tutoring fees received? (a) income (b) expense
17. 17.Riya’s stall took in ₹60 on Friday, ₹160 on Saturday and ₹280 on Sunday. What was the total income (in ₹)?
18. 18.📒 Income or expense: payment for a cake order? (a) expense (b) income
19. 19.True or false: “buying paper cups” is income (money in). (a) False (b) True
20. 20.📒 Income or expense: buying lemons? (a) income (b) expense
21. 21.Aarav’s stall took in ₹90 on Friday, ₹350 on Saturday and ₹60 on Sunday. What was the total income (in ₹)?
22. 22.True or false: “tutoring fees received” is income (money in). (a) True (b) False
23. 23.Gurpreet’s record for a rainy day:
    Income: ₹110 (sales)
    Expense: ₹110 (transport)
    Expense: ₹30 (lemons)
    How much is the loss (in ₹)?
24. 24.Kabir’s stall took in ₹150 on Friday, ₹60 on Saturday and ₹270 on Sunday. What was the total income (in ₹)?
25. 25.Rohan’s stall took in ₹190 on Friday, ₹330 on Saturday and ₹200 on Sunday. What was the total income (in ₹)?
26. 26.📒 Income or expense: cash from selling plants? (a) income (b) expense
27. 27.Saanvi’s stall took in ₹230 on Friday, ₹220 on Saturday and ₹300 on Sunday. What was the total income (in ₹)?
28. 28.Ananya’s record for the day:
    Income: ₹170 (morning sales)
    Income: ₹60 (evening sales)
    Expense: ₹40 (card paper)
    Expense: ₹110 (sugar)
    What is the profit (in ₹)?
29. 29.Which of these is an expense (money out)? (a) money from sales (b) cash from selling plants (c) tutoring fees received (d) bus fare to the market
30. 30.Kavya’s record for the day:
    Income: ₹160 (morning sales)
    Income: ₹340 (evening sales)
    Expense: ₹190 (transport)
    Expense: ₹190 (lemons)
    What is the profit (in ₹)?
31. 31.Aarav’s record for a rainy day:
    Income: ₹280 (sales)
    Expense: ₹30 (transport)
    Expense: ₹340 (card paper)
    How much is the loss (in ₹)?
32. 32.Gurpreet’s stall took in ₹60 on Friday, ₹400 on Saturday and ₹80 on Sunday. What was the total income (in ₹)?
33. 33.True or false: “bus fare to the market” is income (money in). (a) False (b) True
34. 34.🧾 What should you keep after buying supplies? (a) a selfie (b) nothing (c) the bill or receipt (d) only the bag
35. 35.True or false: “cash from selling plants” is income (money in). (a) False (b) True
36. 36.Saanvi’s stall took in ₹150 on Friday, ₹70 on Saturday and ₹290 on Sunday. What was the total income (in ₹)?
37. 37.Kavya’s record for a rainy day:
    Income: ₹150 (sales)
    Expense: ₹40 (lemons)
    Expense: ₹200 (sugar)
    How much is the loss (in ₹)?
38. 38.Ishaan’s stall took in ₹400 on Friday, ₹280 on Saturday and ₹100 on Sunday. What was the total income (in ₹)?
39. 39.Kavya’s record for the day:
    Income: ₹10 (morning sales)
    Income: ₹190 (evening sales)
    Expense: ₹30 (paper cups)
    Expense: ₹20 (lemons)
    What is the profit (in ₹)?
40. 40.Arjun’s stall took in ₹310 on Friday, ₹50 on Saturday and ₹310 on Sunday. What was the total income (in ₹)?

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