Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 663 · 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.Aarav’s stall took in ₹270 on Friday, ₹300 on Saturday and ₹240 on Sunday. What was the total income (in ₹)?
2. 2.Nisha’s record for a rainy day:
   Income: ₹230 (sales)
   Expense: ₹160 (lemons)
   Expense: ₹90 (card paper)
   How much is the loss (in ₹)?
3. 3.Which of these is income (money in)? (a) a card order paid (b) paying the stall fee (c) buying lemons (d) buying paper cups
4. 4.📒 Income or expense: cash from selling plants? (a) expense (b) income
5. 5.Riya’s record for the day:
   Income: ₹210 (morning sales)
   Income: ₹290 (evening sales)
   Expense: ₹140 (stall fee)
   Expense: ₹110 (lemons)
   What is the profit (in ₹)?
6. 6.Saanvi’s stall took in ₹170 on Friday, ₹200 on Saturday and ₹340 on Sunday. What was the total income (in ₹)?
7. 7.Ananya’s stall took in ₹140 on Friday, ₹310 on Saturday and ₹340 on Sunday. What was the total income (in ₹)?
8. 8.Ishaan’s record for the day:
   Income: ₹60 (morning sales)
   Income: ₹430 (evening sales)
   Expense: ₹110 (stall fee)
   Expense: ₹200 (paper cups)
   What is the profit (in ₹)?
9. 9.📒 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
10. 10.📒 Income or expense: buying paper cups? (a) income (b) expense
11. 11.Lakshmi’s record for the day:
    Income: ₹60 (morning sales)
    Income: ₹250 (evening sales)
    Expense: ₹110 (paper cups)
    Expense: ₹170 (ribbon)
    What is the profit (in ₹)?
12. 12.Nisha’s record for a rainy day:
    Income: ₹100 (sales)
    Expense: ₹160 (transport)
    Expense: ₹10 (posters)
    How much is the loss (in ₹)?
13. 13.📒 Income or expense: payment for a cake order? (a) income (b) expense
14. 14.Kabir’s record for the day:
    Income: ₹120 (morning sales)
    Income: ₹410 (evening sales)
    Expense: ₹140 (ribbon)
    Expense: ₹110 (posters)
    What is the profit (in ₹)?
15. 15.🧾 What should you keep after buying supplies? (a) a selfie (b) the bill or receipt (c) nothing (d) only the bag
16. 16.Ananya’s stall took in ₹240 on Friday, ₹50 on Saturday and ₹360 on Sunday. What was the total income (in ₹)?
17. 17.True or false: “buying lemons” is income (money in). (a) True (b) False
18. 18.Rohan’s stall took in ₹250 on Friday, ₹110 on Saturday and ₹400 on Sunday. What was the total income (in ₹)?
19. 19.📅 When is the best time to update your records? (a) the same day (b) whenever you like (c) never (d) once a year
20. 20.Meera’s record for the day:
    Income: ₹120 (morning sales)
    Income: ₹370 (evening sales)
    Expense: ₹200 (transport)
    Expense: ₹90 (posters)
    What is the profit (in ₹)?
21. 21.Kabir’s income was ₹270 and the profit was ₹30. One expense was ₹230 (transport). How much was the other expense, for lemons (in ₹)?
22. 22.True or false: “buying paper cups” is an expense (money out). (a) False (b) True
23. 23.True or false: “buying paper cups” is income (money in). (a) False (b) True
24. 24.Vihaan’s record for a rainy day:
    Income: ₹260 (sales)
    Expense: ₹230 (sugar)
    Expense: ₹90 (posters)
    How much is the loss (in ₹)?
25. 25.Saanvi’s stall took in ₹380 on Friday, ₹230 on Saturday and ₹120 on Sunday. What was the total income (in ₹)?
26. 26.Gurpreet’s record for the day:
    Income: ₹240 (morning sales)
    Income: ₹130 (evening sales)
    Expense: ₹70 (paper cups)
    Expense: ₹190 (ribbon)
    What is the profit (in ₹)?
27. 27.📒 Income or expense: buying lemons? (a) income (b) expense
28. 28.Ananya’s income was ₹130 and the profit was ₹60. One expense was ₹30 (sugar). How much was the other expense, for ribbon (in ₹)?
29. 29.Zoya’s record for a rainy day:
    Income: ₹170 (sales)
    Expense: ₹60 (stall fee)
    Expense: ₹160 (card paper)
    How much is the loss (in ₹)?
30. 30.True or false: “tutoring fees received” is income (money in). (a) True (b) False
31. 31.Joseph’s record for a rainy day:
    Income: ₹250 (sales)
    Expense: ₹170 (card paper)
    Expense: ₹180 (ribbon)
    How much is the loss (in ₹)?
32. 32.True or false: “printing posters” is an expense (money out). (a) False (b) True
33. 33.Tara’s income was ₹300 and the profit was ₹220. One expense was ₹60 (ribbon). How much was the other expense, for sugar (in ₹)?
34. 34.Which of these is income (money in)? (a) buying paper cups (b) payment for a cake order (c) buying lemons (d) bus fare to the market
35. 35.Which of these is income (money in)? (a) money from sales (b) printing posters (c) buying paper cups (d) paying the stall fee
36. 36.Aarav’s stall took in ₹110 on Friday, ₹240 on Saturday and ₹330 on Sunday. What was the total income (in ₹)?
37. 37.Farhan’s record for a rainy day:
    Income: ₹270 (sales)
    Expense: ₹110 (transport)
    Expense: ₹250 (lemons)
    How much is the loss (in ₹)?
38. 38.Kavya’s stall took in ₹70 on Friday, ₹390 on Saturday and ₹60 on Sunday. What was the total income (in ₹)?
39. 39.Which of these is income (money in)? (a) paying the stall fee (b) tutoring fees received (c) bus fare to the market (d) printing posters
40. 40.Gurpreet’s stall took in ₹260 on Friday, ₹160 on Saturday and ₹230 on Sunday. What was the total income (in ₹)?

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