Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 667 · 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.📒 Why write down every sale and cost? (a) to know the real profit (b) to look busy (c) no reason (d) to fill a notebook
2. 2.Which of these is income (money in)? (a) payment for a cake order (b) printing posters (c) paying the stall fee (d) bus fare to the market
3. 3.🧾 What should you keep after buying supplies? (a) nothing (b) the bill or receipt (c) a selfie (d) only the bag
4. 4.Rohan’s stall took in ₹190 on Friday, ₹270 on Saturday and ₹240 on Sunday. What was the total income (in ₹)?
5. 5.Meera’s stall took in ₹170 on Friday, ₹220 on Saturday and ₹390 on Sunday. What was the total income (in ₹)?
6. 6.📒 Income or expense: money from sales? (a) expense (b) income
7. 7.True or false: “tutoring fees received” is income (money in). (a) False (b) True
8. 8.Aarav’s stall took in ₹130 on Friday, ₹130 on Saturday and ₹310 on Sunday. What was the total income (in ₹)?
9. 9.Diya’s record for the day:
   Income: ₹340 (morning sales)
   Income: ₹80 (evening sales)
   Expense: ₹100 (posters)
   Expense: ₹140 (transport)
   What is the profit (in ₹)?
10. 10.True or false: “tutoring fees received” is an expense (money out). (a) False (b) True
11. 11.Meera’s record for the day:
    Income: ₹160 (morning sales)
    Income: ₹150 (evening sales)
    Expense: ₹120 (transport)
    Expense: ₹170 (posters)
    What is the profit (in ₹)?
12. 12.Aarav’s record for the day:
    Income: ₹350 (morning sales)
    Income: ₹20 (evening sales)
    Expense: ₹60 (posters)
    Expense: ₹80 (transport)
    What is the profit (in ₹)?
13. 13.True or false: “payment for a cake order” is an expense (money out). (a) False (b) True
14. 14.📒 Income or expense: bus fare to the market? (a) expense (b) income
15. 15.Rohan’s income was ₹360 and the profit was ₹150. One expense was ₹70 (stall fee). How much was the other expense, for ribbon (in ₹)?
16. 16.Joseph’s record for the day:
    Income: ₹80 (morning sales)
    Income: ₹290 (evening sales)
    Expense: ₹80 (ribbon)
    Expense: ₹60 (card paper)
    What is the profit (in ₹)?
17. 17.Tara’s income was ₹360 and the profit was ₹220. One expense was ₹80 (posters). How much was the other expense, for transport (in ₹)?
18. 18.Riya’s stall took in ₹290 on Friday, ₹90 on Saturday and ₹390 on Sunday. What was the total income (in ₹)?
19. 19.Dev’s stall took in ₹180 on Friday, ₹180 on Saturday and ₹110 on Sunday. What was the total income (in ₹)?
20. 20.Which of these is income (money in)? (a) buying paper cups (b) printing posters (c) bus fare to the market (d) money from sales
21. 21.📒 Income or expense: a card order paid? (a) expense (b) income
22. 22.Joseph’s income was ₹200 and the profit was ₹170. One expense was ₹10 (posters). How much was the other expense, for sugar (in ₹)?
23. 23.Dev’s income was ₹470 and the profit was ₹20. One expense was ₹340 (paper cups). How much was the other expense, for posters (in ₹)?
24. 24.Joseph’s income was ₹210 and the profit was ₹120. One expense was ₹20 (transport). How much was the other expense, for ribbon (in ₹)?
25. 25.Which of these is an expense (money out)? (a) tutoring fees received (b) a card order paid (c) bus fare to the market (d) money from sales
26. 26.True or false: “a card order paid” is an expense (money out). (a) True (b) False
27. 27.Dev’s stall took in ₹390 on Friday, ₹50 on Saturday and ₹340 on Sunday. What was the total income (in ₹)?
28. 28.True or false: “paying the stall fee” is income (money in). (a) False (b) True
29. 29.Which of these is income (money in)? (a) printing posters (b) tutoring fees received (c) buying lemons (d) buying paper cups
30. 30.Arjun’s income was ₹240 and the profit was ₹170. One expense was ₹60 (transport). How much was the other expense, for lemons (in ₹)?
31. 31.Kavya’s stall took in ₹130 on Friday, ₹320 on Saturday and ₹50 on Sunday. What was the total income (in ₹)?
32. 32.Ananya’s stall took in ₹280 on Friday, ₹140 on Saturday and ₹220 on Sunday. What was the total income (in ₹)?
33. 33.Ishaan’s income was ₹410 and the profit was ₹60. One expense was ₹300 (ribbon). How much was the other expense, for sugar (in ₹)?
34. 34.Which of these is income (money in)? (a) printing posters (b) buying lemons (c) a card order paid (d) buying paper cups
35. 35.Nisha’s record for the day:
    Income: ₹280 (morning sales)
    Income: ₹30 (evening sales)
    Expense: ₹30 (transport)
    Expense: ₹40 (paper cups)
    What is the profit (in ₹)?
36. 36.Which of these is an expense (money out)? (a) cash from selling plants (b) payment for a cake order (c) buying paper cups (d) tutoring fees received
37. 37.Joseph’s record for a rainy day:
    Income: ₹160 (sales)
    Expense: ₹140 (transport)
    Expense: ₹30 (lemons)
    How much is the loss (in ₹)?
38. 38.Which of these is an expense (money out)? (a) tutoring fees received (b) cash from selling plants (c) printing posters (d) payment for a cake order
39. 39.Saanvi’s record for a rainy day:
    Income: ₹70 (sales)
    Expense: ₹70 (sugar)
    Expense: ₹10 (posters)
    How much is the loss (in ₹)?
40. 40.Diya’s record for a rainy day:
    Income: ₹60 (sales)
    Expense: ₹20 (lemons)
    Expense: ₹50 (stall fee)
    How much is the loss (in ₹)?

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