Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 734 · 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 record for the day:
   Income: ₹150 (morning sales)
   Income: ₹330 (evening sales)
   Expense: ₹170 (transport)
   Expense: ₹30 (posters)
   What is the profit (in ₹)?
2. 2.Riya’s stall took in ₹350 on Friday, ₹400 on Saturday and ₹170 on Sunday. What was the total income (in ₹)?
3. 3.Diya’s income was ₹440 and the profit was ₹290. One expense was ₹10 (lemons). How much was the other expense, for transport (in ₹)?
4. 4.Tara’s record for the day:
   Income: ₹130 (morning sales)
   Income: ₹340 (evening sales)
   Expense: ₹60 (paper cups)
   Expense: ₹170 (card paper)
   What is the profit (in ₹)?
5. 5.Farhan’s record for a rainy day:
   Income: ₹50 (sales)
   Expense: ₹50 (stall fee)
   Expense: ₹10 (ribbon)
   How much is the loss (in ₹)?
6. 6.📒 Income or expense: bus fare to the market? (a) expense (b) income
7. 7.Which of these is income (money in)? (a) paying the stall fee (b) bus fare to the market (c) buying lemons (d) cash from selling plants
8. 8.Which of these is an expense (money out)? (a) money from sales (b) cash from selling plants (c) payment for a cake order (d) bus fare to the market
9. 9.Aarav’s record for the day:
   Income: ₹110 (morning sales)
   Income: ₹510 (evening sales)
   Expense: ₹150 (sugar)
   Expense: ₹180 (transport)
   What is the profit (in ₹)?
10. 10.Riya’s stall took in ₹170 on Friday, ₹310 on Saturday and ₹260 on Sunday. What was the total income (in ₹)?
11. 11.True or false: “tutoring fees received” is an expense (money out). (a) True (b) False
12. 12.Rohan’s income was ₹330 and the profit was ₹310. One expense was ₹10 (transport). How much was the other expense, for stall fee (in ₹)?
13. 13.Dev’s stall took in ₹100 on Friday, ₹380 on Saturday and ₹300 on Sunday. What was the total income (in ₹)?
14. 14.📒 Why write down every sale and cost? (a) to fill a notebook (b) to know the real profit (c) no reason (d) to look busy
15. 15.Tara’s income was ₹100 and the profit was ₹70. One expense was ₹10 (transport). How much was the other expense, for stall fee (in ₹)?
16. 16.True or false: “cash from selling plants” is income (money in). (a) False (b) True
17. 17.True or false: “cash from selling plants” is an expense (money out). (a) True (b) False
18. 18.True or false: “paying the stall fee” is an expense (money out). (a) False (b) True
19. 19.Ishaan’s record for a rainy day:
    Income: ₹190 (sales)
    Expense: ₹10 (transport)
    Expense: ₹190 (card paper)
    How much is the loss (in ₹)?
20. 20.Which of these is an expense (money out)? (a) tutoring fees received (b) payment for a cake order (c) paying the stall fee (d) money from sales
21. 21.Vihaan’s record for a rainy day:
    Income: ₹170 (sales)
    Expense: ₹80 (posters)
    Expense: ₹180 (paper cups)
    How much is the loss (in ₹)?
22. 22.Aarav’s record for the day:
    Income: ₹50 (morning sales)
    Income: ₹530 (evening sales)
    Expense: ₹170 (paper cups)
    Expense: ₹140 (posters)
    What is the profit (in ₹)?
23. 23.Meera’s record for a rainy day:
    Income: ₹280 (sales)
    Expense: ₹280 (paper cups)
    Expense: ₹90 (sugar)
    How much is the loss (in ₹)?
24. 24.📒 Income or expense: buying paper cups? (a) expense (b) income
25. 25.Dev’s stall took in ₹290 on Friday, ₹370 on Saturday and ₹360 on Sunday. What was the total income (in ₹)?
26. 26.Which of these is income (money in)? (a) money from sales (b) buying lemons (c) printing posters (d) bus fare to the market
27. 27.Ananya’s record for a rainy day:
    Income: ₹220 (sales)
    Expense: ₹240 (transport)
    Expense: ₹40 (stall fee)
    How much is the loss (in ₹)?
28. 28.📒 Income or expense: buying lemons? (a) income (b) expense
29. 29.True or false: “money from sales” is an expense (money out). (a) False (b) True
30. 30.Farhan’s record for a rainy day:
    Income: ₹70 (sales)
    Expense: ₹60 (sugar)
    Expense: ₹80 (paper cups)
    How much is the loss (in ₹)?
31. 31.Saanvi’s record for a rainy day:
    Income: ₹290 (sales)
    Expense: ₹160 (stall fee)
    Expense: ₹150 (card paper)
    How much is the loss (in ₹)?
32. 32.Gurpreet’s stall took in ₹120 on Friday, ₹60 on Saturday and ₹400 on Sunday. What was the total income (in ₹)?
33. 33.Dev’s record for the day:
    Income: ₹500 (morning sales)
    Income: ₹30 (evening sales)
    Expense: ₹180 (posters)
    Expense: ₹120 (paper cups)
    What is the profit (in ₹)?
34. 34.📒 Income or expense: printing posters? (a) expense (b) income
35. 35.Which of these is income (money in)? (a) bus fare to the market (b) paying the stall fee (c) printing posters (d) payment for a cake order
36. 36.📅 When is the best time to update your records? (a) once a year (b) whenever you like (c) the same day (d) never
37. 37.🧾 What should you keep after buying supplies? (a) only the bag (b) the bill or receipt (c) nothing (d) a selfie
38. 38.Ananya’s income was ₹330 and the profit was ₹240. One expense was ₹10 (sugar). How much was the other expense, for paper cups (in ₹)?
39. 39.True or false: “bus fare to the market” is income (money in). (a) True (b) False
40. 40.Saanvi’s income was ₹260 and the profit was ₹150. One expense was ₹100 (lemons). How much was the other expense, for card paper (in ₹)?

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