Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 649 · 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.Vihaan’s record for a rainy day:
   Income: ₹120 (sales)
   Expense: ₹190 (transport)
   Expense: ₹30 (lemons)
   How much is the loss (in ₹)?
2. 2.📒 Why write down every sale and cost? (a) no reason (b) to look busy (c) to know the real profit (d) to fill a notebook
3. 3.True or false: “cash from selling plants” is income (money in). (a) False (b) True
4. 4.📅 When is the best time to update your records? (a) the same day (b) once a year (c) whenever you like (d) never
5. 5.Which of these is income (money in)? (a) printing posters (b) bus fare to the market (c) buying paper cups (d) money from sales
6. 6.Which of these is income (money in)? (a) tutoring fees received (b) buying paper cups (c) paying the stall fee (d) printing posters
7. 7.Kavya’s income was ₹120 and the profit was ₹70. One expense was ₹40 (paper cups). How much was the other expense, for lemons (in ₹)?
8. 8.Ananya’s income was ₹500 and the profit was ₹360. One expense was ₹40 (transport). How much was the other expense, for ribbon (in ₹)?
9. 9.Nisha’s stall took in ₹370 on Friday, ₹90 on Saturday and ₹50 on Sunday. What was the total income (in ₹)?
10. 10.Dev’s stall took in ₹390 on Friday, ₹210 on Saturday and ₹170 on Sunday. What was the total income (in ₹)?
11. 11.Kabir’s income was ₹200 and the profit was ₹180. One expense was ₹10 (transport). How much was the other expense, for ribbon (in ₹)?
12. 12.Meera’s income was ₹450 and the profit was ₹100. One expense was ₹240 (lemons). How much was the other expense, for paper cups (in ₹)?
13. 13.Which of these is income (money in)? (a) printing posters (b) buying paper cups (c) bus fare to the market (d) cash from selling plants
14. 14.True or false: “buying paper cups” is an expense (money out). (a) True (b) False
15. 15.Zoya’s record for the day:
    Income: ₹140 (morning sales)
    Income: ₹290 (evening sales)
    Expense: ₹110 (sugar)
    Expense: ₹70 (paper cups)
    What is the profit (in ₹)?
16. 16.Which of these is income (money in)? (a) printing posters (b) buying lemons (c) payment for a cake order (d) bus fare to the market
17. 17.Diya’s stall took in ₹210 on Friday, ₹390 on Saturday and ₹80 on Sunday. What was the total income (in ₹)?
18. 18.Kabir’s record for a rainy day:
    Income: ₹120 (sales)
    Expense: ₹130 (transport)
    Expense: ₹80 (sugar)
    How much is the loss (in ₹)?
19. 19.Aarav’s record for the day:
    Income: ₹50 (morning sales)
    Income: ₹280 (evening sales)
    Expense: ₹190 (lemons)
    Expense: ₹100 (paper cups)
    What is the profit (in ₹)?
20. 20.Zoya’s stall took in ₹240 on Friday, ₹290 on Saturday and ₹90 on Sunday. What was the total income (in ₹)?
21. 21.Joseph’s record for the day:
    Income: ₹370 (morning sales)
    Income: ₹30 (evening sales)
    Expense: ₹110 (card paper)
    Expense: ₹40 (sugar)
    What is the profit (in ₹)?
22. 22.Tara’s record for a rainy day:
    Income: ₹50 (sales)
    Expense: ₹10 (paper cups)
    Expense: ₹90 (transport)
    How much is the loss (in ₹)?
23. 23.Dev’s record for the day:
    Income: ₹170 (morning sales)
    Income: ₹290 (evening sales)
    Expense: ₹30 (sugar)
    Expense: ₹180 (transport)
    What is the profit (in ₹)?
24. 24.📒 Income or expense: cash from selling plants? (a) income (b) expense
25. 25.Zoya’s stall took in ₹100 on Friday, ₹50 on Saturday and ₹130 on Sunday. What was the total income (in ₹)?
26. 26.True or false: “paying the stall fee” is an expense (money out). (a) True (b) False
27. 27.Zoya’s record for a rainy day:
    Income: ₹300 (sales)
    Expense: ₹140 (card paper)
    Expense: ₹190 (stall fee)
    How much is the loss (in ₹)?
28. 28.Ishaan’s record for the day:
    Income: ₹120 (morning sales)
    Income: ₹260 (evening sales)
    Expense: ₹30 (posters)
    Expense: ₹50 (lemons)
    What is the profit (in ₹)?
29. 29.Diya’s income was ₹240 and the profit was ₹180. One expense was ₹20 (transport). How much was the other expense, for stall fee (in ₹)?
30. 30.Lakshmi’s income was ₹100 and the profit was ₹30. One expense was ₹50 (paper cups). How much was the other expense, for sugar (in ₹)?
31. 31.Arjun’s record for a rainy day:
    Income: ₹130 (sales)
    Expense: ₹10 (stall fee)
    Expense: ₹180 (paper cups)
    How much is the loss (in ₹)?
32. 32.Vihaan’s income was ₹220 and the profit was ₹90. One expense was ₹120 (stall fee). How much was the other expense, for paper cups (in ₹)?
33. 33.Aarav’s record for the day:
    Income: ₹270 (morning sales)
    Income: ₹250 (evening sales)
    Expense: ₹90 (transport)
    Expense: ₹150 (card paper)
    What is the profit (in ₹)?
34. 34.Aarav’s stall took in ₹320 on Friday, ₹350 on Saturday and ₹120 on Sunday. What was the total income (in ₹)?
35. 35.True or false: “tutoring fees received” is income (money in). (a) False (b) True
36. 36.True or false: “buying paper cups” is income (money in). (a) False (b) True
37. 37.Riya’s record for a rainy day:
    Income: ₹290 (sales)
    Expense: ₹220 (ribbon)
    Expense: ₹130 (sugar)
    How much is the loss (in ₹)?
38. 38.Ishaan’s record for a rainy day:
    Income: ₹270 (sales)
    Expense: ₹10 (transport)
    Expense: ₹270 (ribbon)
    How much is the loss (in ₹)?
39. 39.Which of these is an expense (money out)? (a) a card order paid (b) tutoring fees received (c) cash from selling plants (d) bus fare to the market
40. 40.📒 Income or expense: tutoring fees received? (a) expense (b) income

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