Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 646 · 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.Nisha’s record for the day:
   Income: ₹90 (morning sales)
   Income: ₹120 (evening sales)
   Expense: ₹100 (lemons)
   Expense: ₹20 (transport)
   What is the profit (in ₹)?
2. 2.Rohan’s record for a rainy day:
   Income: ₹90 (sales)
   Expense: ₹20 (card paper)
   Expense: ₹150 (stall fee)
   How much is the loss (in ₹)?
3. 3.Arjun’s record for the day:
   Income: ₹260 (morning sales)
   Income: ₹120 (evening sales)
   Expense: ₹120 (ribbon)
   Expense: ₹140 (paper cups)
   What is the profit (in ₹)?
4. 4.📒 Income or expense: tutoring fees received? (a) income (b) expense
5. 5.True or false: “tutoring fees received” is an expense (money out). (a) True (b) False
6. 6.Arjun’s record for a rainy day:
   Income: ₹160 (sales)
   Expense: ₹180 (lemons)
   Expense: ₹30 (ribbon)
   How much is the loss (in ₹)?
7. 7.Riya’s income was ₹430 and the profit was ₹190. One expense was ₹130 (paper cups). How much was the other expense, for posters (in ₹)?
8. 8.Which of these is an expense (money out)? (a) tutoring fees received (b) money from sales (c) cash from selling plants (d) buying lemons
9. 9.True or false: “cash from selling plants” is income (money in). (a) False (b) True
10. 10.Joseph’s record for a rainy day:
    Income: ₹70 (sales)
    Expense: ₹10 (card paper)
    Expense: ₹120 (sugar)
    How much is the loss (in ₹)?
11. 11.Vihaan’s stall took in ₹340 on Friday, ₹110 on Saturday and ₹320 on Sunday. What was the total income (in ₹)?
12. 12.📒 Income or expense: money from sales? (a) expense (b) income
13. 13.Which of these is income (money in)? (a) buying lemons (b) paying the stall fee (c) tutoring fees received (d) buying paper cups
14. 14.Tara’s stall took in ₹250 on Friday, ₹140 on Saturday and ₹250 on Sunday. What was the total income (in ₹)?
15. 15.True or false: “a card order paid” is an expense (money out). (a) False (b) True
16. 16.Kavya’s income was ₹490 and the profit was ₹380. One expense was ₹100 (ribbon). How much was the other expense, for posters (in ₹)?
17. 17.Diya’s record for the day:
    Income: ₹40 (morning sales)
    Income: ₹190 (evening sales)
    Expense: ₹120 (paper cups)
    Expense: ₹50 (card paper)
    What is the profit (in ₹)?
18. 18.Which of these is an expense (money out)? (a) buying paper cups (b) a card order paid (c) tutoring fees received (d) cash from selling plants
19. 19.Rohan’s stall took in ₹400 on Friday, ₹190 on Saturday and ₹380 on Sunday. What was the total income (in ₹)?
20. 20.Nisha’s income was ₹120 and the profit was ₹50. One expense was ₹40 (posters). How much was the other expense, for lemons (in ₹)?
21. 21.Tara’s record for a rainy day:
    Income: ₹220 (sales)
    Expense: ₹180 (transport)
    Expense: ₹90 (stall fee)
    How much is the loss (in ₹)?
22. 22.Aarav’s record for a rainy day:
    Income: ₹70 (sales)
    Expense: ₹160 (paper cups)
    Expense: ₹10 (sugar)
    How much is the loss (in ₹)?
23. 23.Zoya’s record for the day:
    Income: ₹130 (morning sales)
    Income: ₹190 (evening sales)
    Expense: ₹50 (posters)
    Expense: ₹40 (paper cups)
    What is the profit (in ₹)?
24. 24.True or false: “printing posters” is income (money in). (a) False (b) True
25. 25.Dev’s income was ₹330 and the profit was ₹40. One expense was ₹80 (lemons). How much was the other expense, for sugar (in ₹)?
26. 26.Which of these is income (money in)? (a) buying lemons (b) bus fare to the market (c) paying the stall fee (d) a card order paid
27. 27.Aarav’s stall took in ₹300 on Friday, ₹110 on Saturday and ₹170 on Sunday. What was the total income (in ₹)?
28. 28.🧾 What should you keep after buying supplies? (a) a selfie (b) nothing (c) only the bag (d) the bill or receipt
29. 29.Riya’s income was ₹440 and the profit was ₹290. One expense was ₹60 (lemons). How much was the other expense, for ribbon (in ₹)?
30. 30.Which of these is income (money in)? (a) printing posters (b) paying the stall fee (c) buying paper cups (d) payment for a cake order
31. 31.Tara’s stall took in ₹70 on Friday, ₹330 on Saturday and ₹50 on Sunday. What was the total income (in ₹)?
32. 32.📒 Why write down every sale and cost? (a) to fill a notebook (b) no reason (c) to look busy (d) to know the real profit
33. 33.📅 When is the best time to update your records? (a) never (b) once a year (c) whenever you like (d) the same day
34. 34.Kabir’s record for the day:
    Income: ₹40 (morning sales)
    Income: ₹420 (evening sales)
    Expense: ₹160 (sugar)
    Expense: ₹150 (transport)
    What is the profit (in ₹)?
35. 35.Farhan’s record for a rainy day:
    Income: ₹100 (sales)
    Expense: ₹150 (transport)
    Expense: ₹50 (paper cups)
    How much is the loss (in ₹)?
36. 36.Riya’s stall took in ₹240 on Friday, ₹60 on Saturday and ₹220 on Sunday. What was the total income (in ₹)?
37. 37.Ishaan’s stall took in ₹370 on Friday, ₹390 on Saturday and ₹340 on Sunday. What was the total income (in ₹)?
38. 38.Rohan’s record for the day:
    Income: ₹240 (morning sales)
    Income: ₹40 (evening sales)
    Expense: ₹100 (paper cups)
    Expense: ₹130 (sugar)
    What is the profit (in ₹)?
39. 39.Kabir’s stall took in ₹190 on Friday, ₹120 on Saturday and ₹300 on Sunday. What was the total income (in ₹)?
40. 40.➖ Profit in your records = (a) income + expenses (b) expenses − income (c) just the income (d) income − expenses

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