Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 64 · 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.Kabir’s income was ₹310 and the profit was ₹200. One expense was ₹20 (ribbon). How much was the other expense, for stall fee (in ₹)?
2. 2.Diya’s record for the day:
   Income: ₹60 (morning sales)
   Income: ₹130 (evening sales)
   Expense: ₹80 (transport)
   Expense: ₹30 (sugar)
   What is the profit (in ₹)?
3. 3.🧾 What should you keep after buying supplies? (a) the bill or receipt (b) only the bag (c) a selfie (d) nothing
4. 4.True or false: “cash from selling plants” is an expense (money out). (a) True (b) False
5. 5.📒 Income or expense: money from sales? (a) income (b) expense
6. 6.Ananya’s income was ₹140 and the profit was ₹10. One expense was ₹110 (stall fee). How much was the other expense, for posters (in ₹)?
7. 7.Rohan’s record for a rainy day:
   Income: ₹220 (sales)
   Expense: ₹160 (card paper)
   Expense: ₹130 (posters)
   How much is the loss (in ₹)?
8. 8.📒 Income or expense: payment for a cake order? (a) expense (b) income
9. 9.Gurpreet’s record for a rainy day:
   Income: ₹200 (sales)
   Expense: ₹50 (lemons)
   Expense: ₹180 (stall fee)
   How much is the loss (in ₹)?
10. 10.📒 Income or expense: printing posters? (a) income (b) expense
11. 11.Tara’s record for a rainy day:
    Income: ₹100 (sales)
    Expense: ₹40 (stall fee)
    Expense: ₹70 (lemons)
    How much is the loss (in ₹)?
12. 12.📒 Income or expense: buying lemons? (a) expense (b) income
13. 13.Tara’s income was ₹230 and the profit was ₹90. One expense was ₹120 (paper cups). How much was the other expense, for stall fee (in ₹)?
14. 14.Zoya’s stall took in ₹90 on Friday, ₹90 on Saturday and ₹50 on Sunday. What was the total income (in ₹)?
15. 15.Rohan’s record for a rainy day:
    Income: ₹110 (sales)
    Expense: ₹40 (stall fee)
    Expense: ₹100 (sugar)
    How much is the loss (in ₹)?
16. 16.Aarav’s income was ₹130 and the profit was ₹20. One expense was ₹30 (ribbon). How much was the other expense, for paper cups (in ₹)?
17. 17.True or false: “cash from selling plants” is income (money in). (a) False (b) True
18. 18.Joseph’s income was ₹100 and the profit was ₹10. One expense was ₹20 (lemons). How much was the other expense, for sugar (in ₹)?
19. 19.📒 Income or expense: tutoring fees received? (a) income (b) expense
20. 20.Kavya’s income was ₹460 and the profit was ₹140. One expense was ₹80 (card paper). How much was the other expense, for transport (in ₹)?
21. 21.True or false: “money from sales” is income (money in). (a) False (b) True
22. 22.Saanvi’s record for the day:
    Income: ₹170 (morning sales)
    Income: ₹40 (evening sales)
    Expense: ₹20 (card paper)
    Expense: ₹50 (lemons)
    What is the profit (in ₹)?
23. 23.Which of these is income (money in)? (a) tutoring fees received (b) paying the stall fee (c) printing posters (d) buying lemons
24. 24.Tara’s record for the day:
    Income: ₹100 (morning sales)
    Income: ₹50 (evening sales)
    Expense: ₹30 (stall fee)
    Expense: ₹90 (ribbon)
    What is the profit (in ₹)?
25. 25.Which of these is income (money in)? (a) paying the stall fee (b) printing posters (c) cash from selling plants (d) buying lemons
26. 26.Meera’s record for the day:
    Income: ₹80 (morning sales)
    Income: ₹340 (evening sales)
    Expense: ₹70 (ribbon)
    Expense: ₹90 (sugar)
    What is the profit (in ₹)?
27. 27.True or false: “bus fare to the market” is income (money in). (a) False (b) True
28. 28.📒 Income or expense: buying paper cups? (a) income (b) expense
29. 29.Riya’s income was ₹480 and the profit was ₹170. One expense was ₹80 (sugar). How much was the other expense, for lemons (in ₹)?
30. 30.📒 Income or expense: a card order paid? (a) expense (b) income
31. 31.📒 Income or expense: paying the stall fee? (a) expense (b) income
32. 32.Kabir’s record for the day:
    Income: ₹180 (morning sales)
    Income: ₹90 (evening sales)
    Expense: ₹150 (transport)
    Expense: ₹40 (lemons)
    What is the profit (in ₹)?
33. 33.📅 When is the best time to update your records? (a) never (b) whenever you like (c) once a year (d) the same day
34. 34.True or false: “buying lemons” is an expense (money out). (a) False (b) True
35. 35.📒 Why write down every sale and cost? (a) to look busy (b) to fill a notebook (c) no reason (d) to know the real profit
36. 36.Dev’s record for the day:
    Income: ₹30 (morning sales)
    Income: ₹270 (evening sales)
    Expense: ₹140 (paper cups)
    Expense: ₹50 (ribbon)
    What is the profit (in ₹)?
37. 37.Saanvi’s income was ₹190 and the profit was ₹150. One expense was ₹30 (stall fee). How much was the other expense, for paper cups (in ₹)?
38. 38.Tara’s stall took in ₹400 on Friday, ₹220 on Saturday and ₹220 on Sunday. What was the total income (in ₹)?
39. 39.Zoya’s record for the day:
    Income: ₹100 (morning sales)
    Income: ₹160 (evening sales)
    Expense: ₹50 (lemons)
    Expense: ₹20 (paper cups)
    What is the profit (in ₹)?
40. 40.True or false: “buying paper cups” is income (money in). (a) False (b) True

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