Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 617 · 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.Saanvi’s stall took in ₹140 on Friday, ₹350 on Saturday and ₹290 on Sunday. What was the total income (in ₹)?
2. 2.Joseph’s income was ₹340 and the profit was ₹250. One expense was ₹80 (ribbon). How much was the other expense, for card paper (in ₹)?
3. 3.📒 Income or expense: bus fare to the market? (a) income (b) expense
4. 4.Tara’s income was ₹160 and the profit was ₹70. One expense was ₹80 (ribbon). How much was the other expense, for stall fee (in ₹)?
5. 5.Zoya’s record for the day:
   Income: ₹20 (morning sales)
   Income: ₹510 (evening sales)
   Expense: ₹140 (card paper)
   Expense: ₹180 (transport)
   What is the profit (in ₹)?
6. 6.Meera’s stall took in ₹250 on Friday, ₹380 on Saturday and ₹400 on Sunday. What was the total income (in ₹)?
7. 7.Which of these is an expense (money out)? (a) tutoring fees received (b) payment for a cake order (c) buying lemons (d) money from sales
8. 8.📒 Income or expense: a card order paid? (a) expense (b) income
9. 9.True or false: “buying paper cups” is an expense (money out). (a) True (b) False
10. 10.Arjun’s record for a rainy day:
    Income: ₹70 (sales)
    Expense: ₹80 (paper cups)
    Expense: ₹30 (lemons)
    How much is the loss (in ₹)?
11. 11.Zoya’s stall took in ₹100 on Friday, ₹130 on Saturday and ₹240 on Sunday. What was the total income (in ₹)?
12. 12.Which of these is income (money in)? (a) printing posters (b) tutoring fees received (c) buying paper cups (d) buying lemons
13. 13.Rohan’s income was ₹210 and the profit was ₹190. One expense was ₹10 (lemons). How much was the other expense, for posters (in ₹)?
14. 14.📒 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
15. 15.Kabir’s income was ₹130 and the profit was ₹90. One expense was ₹30 (sugar). How much was the other expense, for paper cups (in ₹)?
16. 16.➖ Profit in your records = (a) income + expenses (b) income − expenses (c) expenses − income (d) just the income
17. 17.Diya’s income was ₹240 and the profit was ₹100. One expense was ₹50 (posters). How much was the other expense, for paper cups (in ₹)?
18. 18.📒 Income or expense: cash from selling plants? (a) income (b) expense
19. 19.📒 Income or expense: money from sales? (a) expense (b) income
20. 20.Aarav’s stall took in ₹270 on Friday, ₹170 on Saturday and ₹300 on Sunday. What was the total income (in ₹)?
21. 21.Aarav’s income was ₹440 and the profit was ₹130. One expense was ₹270 (stall fee). How much was the other expense, for sugar (in ₹)?
22. 22.Diya’s stall took in ₹260 on Friday, ₹360 on Saturday and ₹150 on Sunday. What was the total income (in ₹)?
23. 23.📒 Income or expense: paying the stall fee? (a) income (b) expense
24. 24.Lakshmi’s stall took in ₹280 on Friday, ₹210 on Saturday and ₹240 on Sunday. What was the total income (in ₹)?
25. 25.Aarav’s record for the day:
    Income: ₹10 (morning sales)
    Income: ₹320 (evening sales)
    Expense: ₹120 (paper cups)
    Expense: ₹120 (transport)
    What is the profit (in ₹)?
26. 26.Farhan’s record for the day:
    Income: ₹160 (morning sales)
    Income: ₹10 (evening sales)
    Expense: ₹40 (posters)
    Expense: ₹70 (sugar)
    What is the profit (in ₹)?
27. 27.Kabir’s record for a rainy day:
    Income: ₹70 (sales)
    Expense: ₹60 (posters)
    Expense: ₹60 (stall fee)
    How much is the loss (in ₹)?
28. 28.Joseph’s income was ₹420 and the profit was ₹240. One expense was ₹50 (posters). How much was the other expense, for lemons (in ₹)?
29. 29.Dev’s income was ₹190 and the profit was ₹150. One expense was ₹10 (sugar). How much was the other expense, for transport (in ₹)?
30. 30.Tara’s stall took in ₹70 on Friday, ₹290 on Saturday and ₹50 on Sunday. What was the total income (in ₹)?
31. 31.Rohan’s stall took in ₹100 on Friday, ₹200 on Saturday and ₹150 on Sunday. What was the total income (in ₹)?
32. 32.Saanvi’s income was ₹230 and the profit was ₹190. One expense was ₹30 (posters). How much was the other expense, for transport (in ₹)?
33. 33.Which of these is an expense (money out)? (a) payment for a cake order (b) tutoring fees received (c) printing posters (d) money from sales
34. 34.Joseph’s record for the day:
    Income: ₹130 (morning sales)
    Income: ₹240 (evening sales)
    Expense: ₹190 (posters)
    Expense: ₹130 (stall fee)
    What is the profit (in ₹)?
35. 35.Zoya’s record for a rainy day:
    Income: ₹150 (sales)
    Expense: ₹110 (stall fee)
    Expense: ₹90 (lemons)
    How much is the loss (in ₹)?
36. 36.True or false: “payment for a cake order” is an expense (money out). (a) True (b) False
37. 37.Which of these is an expense (money out)? (a) payment for a cake order (b) money from sales (c) bus fare to the market (d) cash from selling plants
38. 38.Saanvi’s record for a rainy day:
    Income: ₹170 (sales)
    Expense: ₹200 (lemons)
    Expense: ₹40 (posters)
    How much is the loss (in ₹)?
39. 39.📒 Income or expense: payment for a cake order? (a) expense (b) income
40. 40.Which of these is income (money in)? (a) buying lemons (b) a card order paid (c) buying paper cups (d) bus fare to the market

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