Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 59 · 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 ₹70 on Friday, ₹150 on Saturday and ₹80 on Sunday. What was the total income (in ₹)?
2. 2.📒 Why write down every sale and cost? (a) to look busy (b) to know the real profit (c) no reason (d) to fill a notebook
3. 3.Lakshmi’s record for the day:
   Income: ₹40 (morning sales)
   Income: ₹130 (evening sales)
   Expense: ₹20 (lemons)
   Expense: ₹80 (paper cups)
   What is the profit (in ₹)?
4. 4.📒 Income or expense: money from sales? (a) income (b) expense
5. 5.📒 Income or expense: buying lemons? (a) expense (b) income
6. 6.Which of these is income (money in)? (a) buying lemons (b) money from sales (c) paying the stall fee (d) buying paper cups
7. 7.Meera’s stall took in ₹250 on Friday, ₹180 on Saturday and ₹240 on Sunday. What was the total income (in ₹)?
8. 8.📒 Income or expense: paying the stall fee? (a) expense (b) income
9. 9.Which of these is an expense (money out)? (a) printing posters (b) a card order paid (c) money from sales (d) tutoring fees received
10. 10.Tara’s stall took in ₹240 on Friday, ₹70 on Saturday and ₹130 on Sunday. What was the total income (in ₹)?
11. 11.📒 Income or expense: a card order paid? (a) expense (b) income
12. 12.True or false: “tutoring fees received” is income (money in). (a) False (b) True
13. 13.📒 Income or expense: payment for a cake order? (a) expense (b) income
14. 14.➖ Profit in your records = (a) income + expenses (b) just the income (c) expenses − income (d) income − expenses
15. 15.📒 Income or expense: cash from selling plants? (a) income (b) expense
16. 16.True or false: “a card order paid” is an expense (money out). (a) False (b) True
17. 17.Aarav’s income was ₹230 and the profit was ₹90. One expense was ₹20 (sugar). How much was the other expense, for lemons (in ₹)?
18. 18.Zoya’s record for the day:
    Income: ₹210 (morning sales)
    Income: ₹140 (evening sales)
    Expense: ₹70 (posters)
    Expense: ₹120 (paper cups)
    What is the profit (in ₹)?
19. 19.True or false: “money from sales” is an expense (money out). (a) True (b) False
20. 20.Which of these is income (money in)? (a) buying paper cups (b) a card order paid (c) printing posters (d) buying lemons
21. 21.Ishaan’s income was ₹140 and the profit was ₹100. One expense was ₹30 (posters). How much was the other expense, for paper cups (in ₹)?
22. 22.Arjun’s income was ₹460 and the profit was ₹170. One expense was ₹50 (transport). How much was the other expense, for lemons (in ₹)?
23. 23.Nisha’s record for a rainy day:
    Income: ₹70 (sales)
    Expense: ₹20 (stall fee)
    Expense: ₹60 (ribbon)
    How much is the loss (in ₹)?
24. 24.Zoya’s record for the day:
    Income: ₹70 (morning sales)
    Income: ₹420 (evening sales)
    Expense: ₹190 (paper cups)
    Expense: ₹20 (lemons)
    What is the profit (in ₹)?
25. 25.Gurpreet’s record for a rainy day:
    Income: ₹60 (sales)
    Expense: ₹80 (stall fee)
    Expense: ₹40 (ribbon)
    How much is the loss (in ₹)?
26. 26.Zoya’s record for the day:
    Income: ₹90 (morning sales)
    Income: ₹310 (evening sales)
    Expense: ₹190 (lemons)
    Expense: ₹30 (posters)
    What is the profit (in ₹)?
27. 27.Meera’s record for the day:
    Income: ₹230 (morning sales)
    Income: ₹160 (evening sales)
    Expense: ₹130 (card paper)
    Expense: ₹60 (posters)
    What is the profit (in ₹)?
28. 28.Tara’s stall took in ₹60 on Friday, ₹150 on Saturday and ₹330 on Sunday. What was the total income (in ₹)?
29. 29.Aarav’s record for the day:
    Income: ₹100 (morning sales)
    Income: ₹230 (evening sales)
    Expense: ₹70 (paper cups)
    Expense: ₹190 (card paper)
    What is the profit (in ₹)?
30. 30.🧾 What should you keep after buying supplies? (a) nothing (b) a selfie (c) only the bag (d) the bill or receipt
31. 31.Saanvi’s stall took in ₹210 on Friday, ₹160 on Saturday and ₹140 on Sunday. What was the total income (in ₹)?
32. 32.Kavya’s stall took in ₹160 on Friday, ₹310 on Saturday and ₹50 on Sunday. What was the total income (in ₹)?
33. 33.Which of these is an expense (money out)? (a) tutoring fees received (b) cash from selling plants (c) payment for a cake order (d) bus fare to the market
34. 34.📒 Income or expense: bus fare to the market? (a) expense (b) income
35. 35.Which of these is income (money in)? (a) paying the stall fee (b) buying paper cups (c) buying lemons (d) tutoring fees received
36. 36.Farhan’s record for a rainy day:
    Income: ₹70 (sales)
    Expense: ₹100 (stall fee)
    Expense: ₹40 (lemons)
    How much is the loss (in ₹)?
37. 37.Dev’s record for a rainy day:
    Income: ₹110 (sales)
    Expense: ₹30 (ribbon)
    Expense: ₹100 (stall fee)
    How much is the loss (in ₹)?
38. 38.Saanvi’s stall took in ₹80 on Friday, ₹220 on Saturday and ₹210 on Sunday. What was the total income (in ₹)?
39. 39.Meera’s record for a rainy day:
    Income: ₹180 (sales)
    Expense: ₹210 (ribbon)
    Expense: ₹40 (card paper)
    How much is the loss (in ₹)?
40. 40.Riya’s income was ₹110 and the profit was ₹70. One expense was ₹10 (posters). How much was the other expense, for sugar (in ₹)?

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