Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 729 · 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.Which of these is income (money in)? (a) bus fare to the market (b) printing posters (c) buying lemons (d) a card order paid
2. 2.Which of these is an expense (money out)? (a) a card order paid (b) cash from selling plants (c) payment for a cake order (d) buying lemons
3. 3.Riya’s income was ₹170 and the profit was ₹110. One expense was ₹50 (paper cups). How much was the other expense, for stall fee (in ₹)?
4. 4.📒 Income or expense: money from sales? (a) expense (b) income
5. 5.➖ Profit in your records = (a) expenses − income (b) just the income (c) income + expenses (d) income − expenses
6. 6.📒 Income or expense: buying lemons? (a) income (b) expense
7. 7.True or false: “money from sales” is income (money in). (a) True (b) False
8. 8.Diya’s record for the day:
   Income: ₹280 (morning sales)
   Income: ₹220 (evening sales)
   Expense: ₹80 (transport)
   Expense: ₹140 (lemons)
   What is the profit (in ₹)?
9. 9.📒 Income or expense: payment for a cake order? (a) income (b) expense
10. 10.Rohan’s record for a rainy day:
    Income: ₹270 (sales)
    Expense: ₹200 (stall fee)
    Expense: ₹80 (lemons)
    How much is the loss (in ₹)?
11. 11.Arjun’s stall took in ₹160 on Friday, ₹280 on Saturday and ₹360 on Sunday. What was the total income (in ₹)?
12. 12.True or false: “printing posters” is income (money in). (a) True (b) False
13. 13.📒 Income or expense: a card order paid? (a) expense (b) income
14. 14.Which of these is income (money in)? (a) buying paper cups (b) printing posters (c) tutoring fees received (d) paying the stall fee
15. 15.Rohan’s stall took in ₹100 on Friday, ₹150 on Saturday and ₹170 on Sunday. What was the total income (in ₹)?
16. 16.🧾 What should you keep after buying supplies? (a) nothing (b) a selfie (c) the bill or receipt (d) only the bag
17. 17.📒 Income or expense: paying the stall fee? (a) expense (b) income
18. 18.Rohan’s stall took in ₹60 on Friday, ₹320 on Saturday and ₹250 on Sunday. What was the total income (in ₹)?
19. 19.📒 Income or expense: cash from selling plants? (a) expense (b) income
20. 20.True or false: “bus fare to the market” is an expense (money out). (a) False (b) True
21. 21.Which of these is an expense (money out)? (a) printing posters (b) cash from selling plants (c) payment for a cake order (d) money from sales
22. 22.Kavya’s income was ₹330 and the profit was ₹180. One expense was ₹60 (posters). How much was the other expense, for ribbon (in ₹)?
23. 23.📒 Income or expense: printing posters? (a) income (b) expense
24. 24.True or false: “a card order paid” is income (money in). (a) False (b) True
25. 25.📒 Income or expense: bus fare to the market? (a) expense (b) income
26. 26.📒 Why write down every sale and cost? (a) to know the real profit (b) to look busy (c) to fill a notebook (d) no reason
27. 27.Meera’s record for the day:
    Income: ₹40 (morning sales)
    Income: ₹240 (evening sales)
    Expense: ₹90 (paper cups)
    Expense: ₹150 (posters)
    What is the profit (in ₹)?
28. 28.Zoya’s stall took in ₹110 on Friday, ₹260 on Saturday and ₹180 on Sunday. What was the total income (in ₹)?
29. 29.True or false: “payment for a cake order” is income (money in). (a) True (b) False
30. 30.Which of these is income (money in)? (a) printing posters (b) payment for a cake order (c) bus fare to the market (d) buying lemons
31. 31.Which of these is income (money in)? (a) printing posters (b) buying paper cups (c) money from sales (d) bus fare to the market
32. 32.Tara’s record for a rainy day:
    Income: ₹220 (sales)
    Expense: ₹220 (paper cups)
    Expense: ₹40 (stall fee)
    How much is the loss (in ₹)?
33. 33.Lakshmi’s stall took in ₹150 on Friday, ₹400 on Saturday and ₹310 on Sunday. What was the total income (in ₹)?
34. 34.Aarav’s income was ₹450 and the profit was ₹390. One expense was ₹40 (posters). How much was the other expense, for transport (in ₹)?
35. 35.Kabir’s record for a rainy day:
    Income: ₹60 (sales)
    Expense: ₹30 (stall fee)
    Expense: ₹90 (lemons)
    How much is the loss (in ₹)?
36. 36.📒 Income or expense: tutoring fees received? (a) expense (b) income
37. 37.Dev’s record for the day:
    Income: ₹130 (morning sales)
    Income: ₹380 (evening sales)
    Expense: ₹150 (paper cups)
    Expense: ₹70 (posters)
    What is the profit (in ₹)?
38. 38.Meera’s stall took in ₹80 on Friday, ₹90 on Saturday and ₹100 on Sunday. What was the total income (in ₹)?
39. 39.Meera’s record for a rainy day:
    Income: ₹120 (sales)
    Expense: ₹10 (posters)
    Expense: ₹130 (ribbon)
    How much is the loss (in ₹)?
40. 40.True or false: “tutoring fees received” is income (money in). (a) True (b) False

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