Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 702 · 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.Rohan’s stall took in ₹350 on Friday, ₹320 on Saturday and ₹210 on Sunday. What was the total income (in ₹)?
2. 2.📒 Income or expense: bus fare to the market? (a) income (b) expense
3. 3.Joseph’s income was ₹410 and the profit was ₹300. One expense was ₹30 (stall fee). How much was the other expense, for lemons (in ₹)?
4. 4.Dev’s income was ₹250 and the profit was ₹130. One expense was ₹10 (transport). How much was the other expense, for sugar (in ₹)?
5. 5.Which of these is an expense (money out)? (a) tutoring fees received (b) cash from selling plants (c) payment for a cake order (d) printing posters
6. 6.📒 Income or expense: buying paper cups? (a) expense (b) income
7. 7.Aarav’s record for a rainy day:
   Income: ₹100 (sales)
   Expense: ₹40 (transport)
   Expense: ₹130 (paper cups)
   How much is the loss (in ₹)?
8. 8.True or false: “printing posters” is income (money in). (a) False (b) True
9. 9.📒 Why write down every sale and cost? (a) to look busy (b) to fill a notebook (c) to know the real profit (d) no reason
10. 10.Saanvi’s stall took in ₹50 on Friday, ₹350 on Saturday and ₹250 on Sunday. What was the total income (in ₹)?
11. 11.Diya’s income was ₹420 and the profit was ₹340. One expense was ₹20 (transport). How much was the other expense, for ribbon (in ₹)?
12. 12.Lakshmi’s stall took in ₹290 on Friday, ₹260 on Saturday and ₹380 on Sunday. What was the total income (in ₹)?
13. 13.Kabir’s record for a rainy day:
    Income: ₹140 (sales)
    Expense: ₹10 (paper cups)
    Expense: ₹210 (sugar)
    How much is the loss (in ₹)?
14. 14.Ishaan’s income was ₹100 and the profit was ₹70. One expense was ₹20 (lemons). How much was the other expense, for paper cups (in ₹)?
15. 15.Which of these is income (money in)? (a) money from sales (b) bus fare to the market (c) buying lemons (d) paying the stall fee
16. 16.➖ Profit in your records = (a) expenses − income (b) income − expenses (c) income + expenses (d) just the income
17. 17.Aarav’s stall took in ₹50 on Friday, ₹60 on Saturday and ₹290 on Sunday. What was the total income (in ₹)?
18. 18.Which of these is income (money in)? (a) printing posters (b) buying lemons (c) bus fare to the market (d) a card order paid
19. 19.Ananya’s record for the day:
    Income: ₹340 (morning sales)
    Income: ₹10 (evening sales)
    Expense: ₹140 (ribbon)
    Expense: ₹180 (sugar)
    What is the profit (in ₹)?
20. 20.True or false: “a card order paid” is an expense (money out). (a) True (b) False
21. 21.Kabir’s record for the day:
    Income: ₹50 (morning sales)
    Income: ₹80 (evening sales)
    Expense: ₹30 (lemons)
    Expense: ₹90 (sugar)
    What is the profit (in ₹)?
22. 22.Which of these is an expense (money out)? (a) cash from selling plants (b) money from sales (c) paying the stall fee (d) tutoring fees received
23. 23.🧾 What should you keep after buying supplies? (a) nothing (b) the bill or receipt (c) only the bag (d) a selfie
24. 24.📒 Income or expense: payment for a cake order? (a) expense (b) income
25. 25.Vihaan’s record for the day:
    Income: ₹50 (morning sales)
    Income: ₹410 (evening sales)
    Expense: ₹30 (transport)
    Expense: ₹180 (sugar)
    What is the profit (in ₹)?
26. 26.Gurpreet’s income was ₹450 and the profit was ₹50. One expense was ₹220 (posters). How much was the other expense, for stall fee (in ₹)?
27. 27.True or false: “payment for a cake order” is an expense (money out). (a) False (b) True
28. 28.Joseph’s stall took in ₹180 on Friday, ₹390 on Saturday and ₹380 on Sunday. What was the total income (in ₹)?
29. 29.Dev’s stall took in ₹370 on Friday, ₹280 on Saturday and ₹160 on Sunday. What was the total income (in ₹)?
30. 30.Joseph’s record for the day:
    Income: ₹240 (morning sales)
    Income: ₹170 (evening sales)
    Expense: ₹130 (lemons)
    Expense: ₹20 (ribbon)
    What is the profit (in ₹)?
31. 31.Zoya’s record for a rainy day:
    Income: ₹290 (sales)
    Expense: ₹170 (stall fee)
    Expense: ₹200 (sugar)
    How much is the loss (in ₹)?
32. 32.Aarav’s record for a rainy day:
    Income: ₹60 (sales)
    Expense: ₹10 (lemons)
    Expense: ₹100 (sugar)
    How much is the loss (in ₹)?
33. 33.True or false: “bus fare to the market” is income (money in). (a) True (b) False
34. 34.Which of these is an expense (money out)? (a) money from sales (b) buying paper cups (c) cash from selling plants (d) payment for a cake order
35. 35.📒 Income or expense: buying lemons? (a) income (b) expense
36. 36.Which of these is income (money in)? (a) printing posters (b) paying the stall fee (c) payment for a cake order (d) buying lemons
37. 37.Gurpreet’s stall took in ₹300 on Friday, ₹350 on Saturday and ₹180 on Sunday. What was the total income (in ₹)?
38. 38.Kavya’s record for the day:
    Income: ₹170 (morning sales)
    Income: ₹170 (evening sales)
    Expense: ₹120 (card paper)
    Expense: ₹180 (stall fee)
    What is the profit (in ₹)?
39. 39.📒 Income or expense: paying the stall fee? (a) expense (b) income
40. 40.Kabir’s stall took in ₹180 on Friday, ₹280 on Saturday and ₹330 on Sunday. What was the total income (in ₹)?

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