Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 701 · 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 a rainy day:
   Income: ₹300 (sales)
   Expense: ₹330 (stall fee)
   Expense: ₹60 (transport)
   How much is the loss (in ₹)?
2. 2.True or false: “buying lemons” is an expense (money out). (a) False (b) True
3. 3.Vihaan’s record for the day:
   Income: ₹120 (morning sales)
   Income: ₹80 (evening sales)
   Expense: ₹30 (transport)
   Expense: ₹30 (sugar)
   What is the profit (in ₹)?
4. 4.Rohan’s income was ₹340 and the profit was ₹320. One expense was ₹10 (stall fee). How much was the other expense, for transport (in ₹)?
5. 5.Which of these is income (money in)? (a) buying lemons (b) paying the stall fee (c) buying paper cups (d) money from sales
6. 6.📒 Income or expense: buying lemons? (a) income (b) expense
7. 7.Zoya’s stall took in ₹350 on Friday, ₹170 on Saturday and ₹80 on Sunday. What was the total income (in ₹)?
8. 8.📒 Income or expense: money from sales? (a) income (b) expense
9. 9.📒 Income or expense: paying the stall fee? (a) expense (b) income
10. 10.Kavya’s stall took in ₹70 on Friday, ₹260 on Saturday and ₹160 on Sunday. What was the total income (in ₹)?
11. 11.True or false: “bus fare to the market” is income (money in). (a) True (b) False
12. 12.🧾 What should you keep after buying supplies? (a) the bill or receipt (b) a selfie (c) only the bag (d) nothing
13. 13.Kavya’s record for the day:
    Income: ₹80 (morning sales)
    Income: ₹100 (evening sales)
    Expense: ₹30 (sugar)
    Expense: ₹30 (lemons)
    What is the profit (in ₹)?
14. 14.Aarav’s record for a rainy day:
    Income: ₹100 (sales)
    Expense: ₹30 (lemons)
    Expense: ₹130 (ribbon)
    How much is the loss (in ₹)?
15. 15.True or false: “buying paper cups” is income (money in). (a) False (b) True
16. 16.📅 When is the best time to update your records? (a) never (b) the same day (c) once a year (d) whenever you like
17. 17.Joseph’s income was ₹170 and the profit was ₹150. One expense was ₹10 (posters). How much was the other expense, for paper cups (in ₹)?
18. 18.Saanvi’s income was ₹130 and the profit was ₹80. One expense was ₹30 (lemons). How much was the other expense, for transport (in ₹)?
19. 19.Rohan’s record for the day:
    Income: ₹30 (morning sales)
    Income: ₹190 (evening sales)
    Expense: ₹60 (posters)
    Expense: ₹60 (lemons)
    What is the profit (in ₹)?
20. 20.Farhan’s stall took in ₹140 on Friday, ₹250 on Saturday and ₹80 on Sunday. What was the total income (in ₹)?
21. 21.Vihaan’s record for a rainy day:
    Income: ₹240 (sales)
    Expense: ₹60 (sugar)
    Expense: ₹260 (paper cups)
    How much is the loss (in ₹)?
22. 22.Vihaan’s stall took in ₹370 on Friday, ₹340 on Saturday and ₹270 on Sunday. What was the total income (in ₹)?
23. 23.Diya’s income was ₹380 and the profit was ₹140. One expense was ₹180 (stall fee). How much was the other expense, for card paper (in ₹)?
24. 24.Which of these is an expense (money out)? (a) tutoring fees received (b) cash from selling plants (c) paying the stall fee (d) a card order paid
25. 25.Kabir’s record for the day:
    Income: ₹50 (morning sales)
    Income: ₹210 (evening sales)
    Expense: ₹180 (posters)
    Expense: ₹20 (transport)
    What is the profit (in ₹)?
26. 26.True or false: “paying the stall fee” is an expense (money out). (a) True (b) False
27. 27.📒 Income or expense: payment for a cake order? (a) income (b) expense
28. 28.➖ Profit in your records = (a) just the income (b) income + expenses (c) income − expenses (d) expenses − income
29. 29.Which of these is income (money in)? (a) tutoring fees received (b) paying the stall fee (c) printing posters (d) buying paper cups
30. 30.Diya’s income was ₹290 and the profit was ₹150. One expense was ₹130 (stall fee). How much was the other expense, for ribbon (in ₹)?
31. 31.Gurpreet’s record for the day:
    Income: ₹150 (morning sales)
    Income: ₹50 (evening sales)
    Expense: ₹40 (sugar)
    Expense: ₹150 (posters)
    What is the profit (in ₹)?
32. 32.Which of these is an expense (money out)? (a) payment for a cake order (b) money from sales (c) a card order paid (d) buying paper cups
33. 33.True or false: “money from sales” is an expense (money out). (a) False (b) True
34. 34.Kabir’s income was ₹330 and the profit was ₹70. One expense was ₹60 (paper cups). How much was the other expense, for sugar (in ₹)?
35. 35.Joseph’s income was ₹150 and the profit was ₹90. One expense was ₹20 (card paper). How much was the other expense, for stall fee (in ₹)?
36. 36.📒 Income or expense: buying paper cups? (a) income (b) expense
37. 37.Riya’s record for a rainy day:
    Income: ₹250 (sales)
    Expense: ₹100 (sugar)
    Expense: ₹190 (posters)
    How much is the loss (in ₹)?
38. 38.Dev’s stall took in ₹230 on Friday, ₹60 on Saturday and ₹360 on Sunday. What was the total income (in ₹)?
39. 39.Ananya’s record for the day:
    Income: ₹30 (morning sales)
    Income: ₹310 (evening sales)
    Expense: ₹160 (sugar)
    Expense: ₹70 (paper cups)
    What is the profit (in ₹)?
40. 40.Ishaan’s record for the day:
    Income: ₹80 (morning sales)
    Income: ₹130 (evening sales)
    Expense: ₹80 (lemons)
    Expense: ₹110 (card paper)
    What is the profit (in ₹)?

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