Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 648 · 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.Arjun’s record for a rainy day:
   Income: ₹210 (sales)
   Expense: ₹80 (transport)
   Expense: ₹150 (stall fee)
   How much is the loss (in ₹)?
2. 2.Which of these is an expense (money out)? (a) printing posters (b) tutoring fees received (c) money from sales (d) cash from selling plants
3. 3.📒 Income or expense: a card order paid? (a) expense (b) income
4. 4.True or false: “money from sales” is income (money in). (a) True (b) False
5. 5.Diya’s stall took in ₹100 on Friday, ₹400 on Saturday and ₹240 on Sunday. What was the total income (in ₹)?
6. 6.Tara’s stall took in ₹120 on Friday, ₹110 on Saturday and ₹290 on Sunday. What was the total income (in ₹)?
7. 7.Riya’s income was ₹180 and the profit was ₹160. One expense was ₹10 (card paper). How much was the other expense, for sugar (in ₹)?
8. 8.Meera’s stall took in ₹320 on Friday, ₹190 on Saturday and ₹170 on Sunday. What was the total income (in ₹)?
9. 9.📒 Income or expense: money from sales? (a) expense (b) income
10. 10.Dev’s record for the day:
    Income: ₹10 (morning sales)
    Income: ₹320 (evening sales)
    Expense: ₹140 (lemons)
    Expense: ₹130 (paper cups)
    What is the profit (in ₹)?
11. 11.📒 Why write down every sale and cost? (a) no reason (b) to fill a notebook (c) to look busy (d) to know the real profit
12. 12.📒 Income or expense: bus fare to the market? (a) expense (b) income
13. 13.Diya’s record for the day:
    Income: ₹160 (morning sales)
    Income: ₹300 (evening sales)
    Expense: ₹100 (paper cups)
    Expense: ₹140 (ribbon)
    What is the profit (in ₹)?
14. 14.Which of these is income (money in)? (a) printing posters (b) cash from selling plants (c) buying paper cups (d) bus fare to the market
15. 15.Lakshmi’s record for a rainy day:
    Income: ₹50 (sales)
    Expense: ₹30 (lemons)
    Expense: ₹30 (paper cups)
    How much is the loss (in ₹)?
16. 16.📒 Income or expense: buying paper cups? (a) income (b) expense
17. 17.Ananya’s record for the day:
    Income: ₹370 (morning sales)
    Income: ₹20 (evening sales)
    Expense: ₹90 (posters)
    Expense: ₹100 (card paper)
    What is the profit (in ₹)?
18. 18.🧾 What should you keep after buying supplies? (a) only the bag (b) nothing (c) a selfie (d) the bill or receipt
19. 19.Which of these is income (money in)? (a) paying the stall fee (b) payment for a cake order (c) buying paper cups (d) bus fare to the market
20. 20.Lakshmi’s stall took in ₹70 on Friday, ₹360 on Saturday and ₹70 on Sunday. What was the total income (in ₹)?
21. 21.Kavya’s income was ₹380 and the profit was ₹360. One expense was ₹10 (lemons). How much was the other expense, for posters (in ₹)?
22. 22.Arjun’s record for a rainy day:
    Income: ₹100 (sales)
    Expense: ₹30 (lemons)
    Expense: ₹140 (paper cups)
    How much is the loss (in ₹)?
23. 23.Saanvi’s record for a rainy day:
    Income: ₹90 (sales)
    Expense: ₹10 (sugar)
    Expense: ₹110 (paper cups)
    How much is the loss (in ₹)?
24. 24.Which of these is an expense (money out)? (a) money from sales (b) buying lemons (c) cash from selling plants (d) payment for a cake order
25. 25.Which of these is income (money in)? (a) bus fare to the market (b) paying the stall fee (c) buying lemons (d) a card order paid
26. 26.True or false: “printing posters” is an expense (money out). (a) False (b) True
27. 27.Farhan’s stall took in ₹100 on Friday, ₹330 on Saturday and ₹120 on Sunday. What was the total income (in ₹)?
28. 28.Kabir’s stall took in ₹160 on Friday, ₹280 on Saturday and ₹230 on Sunday. What was the total income (in ₹)?
29. 29.Ananya’s income was ₹180 and the profit was ₹110. One expense was ₹20 (stall fee). How much was the other expense, for posters (in ₹)?
30. 30.📅 When is the best time to update your records? (a) the same day (b) never (c) once a year (d) whenever you like
31. 31.Farhan’s income was ₹300 and the profit was ₹240. One expense was ₹20 (sugar). How much was the other expense, for paper cups (in ₹)?
32. 32.📒 Income or expense: tutoring fees received? (a) income (b) expense
33. 33.Saanvi’s income was ₹240 and the profit was ₹160. One expense was ₹60 (lemons). How much was the other expense, for stall fee (in ₹)?
34. 34.Kabir’s record for a rainy day:
    Income: ₹230 (sales)
    Expense: ₹130 (transport)
    Expense: ₹180 (ribbon)
    How much is the loss (in ₹)?
35. 35.Diya’s income was ₹350 and the profit was ₹140. One expense was ₹170 (lemons). How much was the other expense, for transport (in ₹)?
36. 36.Dev’s record for the day:
    Income: ₹250 (morning sales)
    Income: ₹70 (evening sales)
    Expense: ₹80 (paper cups)
    Expense: ₹160 (stall fee)
    What is the profit (in ₹)?
37. 37.Rohan’s record for the day:
    Income: ₹100 (morning sales)
    Income: ₹40 (evening sales)
    Expense: ₹80 (sugar)
    Expense: ₹20 (paper cups)
    What is the profit (in ₹)?
38. 38.Rohan’s stall took in ₹60 on Friday, ₹170 on Saturday and ₹180 on Sunday. What was the total income (in ₹)?
39. 39.Saanvi’s record for a rainy day:
    Income: ₹50 (sales)
    Expense: ₹100 (ribbon)
    Expense: ₹30 (paper cups)
    How much is the loss (in ₹)?
40. 40.Zoya’s stall took in ₹310 on Friday, ₹300 on Saturday and ₹270 on Sunday. What was the total income (in ₹)?

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