Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 750 · 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.Ananya’s record for the day:
   Income: ₹340 (morning sales)
   Income: ₹90 (evening sales)
   Expense: ₹160 (stall fee)
   Expense: ₹110 (posters)
   What is the profit (in ₹)?
2. 2.Which of these is income (money in)? (a) money from sales (b) bus fare to the market (c) buying paper cups (d) printing posters
3. 3.Kavya’s income was ₹200 and the profit was ₹20. One expense was ₹60 (lemons). How much was the other expense, for transport (in ₹)?
4. 4.True or false: “a card order paid” is income (money in). (a) False (b) True
5. 5.📒 Income or expense: payment for a cake order? (a) expense (b) income
6. 6.📒 Income or expense: printing posters? (a) income (b) expense
7. 7.📒 Income or expense: tutoring fees received? (a) income (b) expense
8. 8.Zoya’s stall took in ₹400 on Friday, ₹340 on Saturday and ₹300 on Sunday. What was the total income (in ₹)?
9. 9.Which of these is income (money in)? (a) buying lemons (b) printing posters (c) buying paper cups (d) cash from selling plants
10. 10.Arjun’s record for the day:
    Income: ₹320 (morning sales)
    Income: ₹110 (evening sales)
    Expense: ₹180 (ribbon)
    Expense: ₹180 (lemons)
    What is the profit (in ₹)?
11. 11.Ishaan’s record for a rainy day:
    Income: ₹110 (sales)
    Expense: ₹30 (ribbon)
    Expense: ₹90 (stall fee)
    How much is the loss (in ₹)?
12. 12.Ananya’s stall took in ₹350 on Friday, ₹120 on Saturday and ₹170 on Sunday. What was the total income (in ₹)?
13. 13.Arjun’s record for the day:
    Income: ₹220 (morning sales)
    Income: ₹130 (evening sales)
    Expense: ₹20 (stall fee)
    Expense: ₹150 (paper cups)
    What is the profit (in ₹)?
14. 14.Dev’s stall took in ₹340 on Friday, ₹110 on Saturday and ₹240 on Sunday. What was the total income (in ₹)?
15. 15.Farhan’s record for the day:
    Income: ₹40 (morning sales)
    Income: ₹270 (evening sales)
    Expense: ₹40 (card paper)
    Expense: ₹190 (paper cups)
    What is the profit (in ₹)?
16. 16.Which of these is an expense (money out)? (a) buying paper cups (b) payment for a cake order (c) a card order paid (d) cash from selling plants
17. 17.True or false: “buying lemons” is an expense (money out). (a) False (b) True
18. 18.Saanvi’s stall took in ₹70 on Friday, ₹100 on Saturday and ₹110 on Sunday. What was the total income (in ₹)?
19. 19.True or false: “money from sales” is income (money in). (a) False (b) True
20. 20.📅 When is the best time to update your records? (a) once a year (b) whenever you like (c) the same day (d) never
21. 21.📒 Why write down every sale and cost? (a) to fill a notebook (b) no reason (c) to look busy (d) to know the real profit
22. 22.Which of these is an expense (money out)? (a) bus fare to the market (b) money from sales (c) tutoring fees received (d) cash from selling plants
23. 23.📒 Income or expense: a card order paid? (a) income (b) expense
24. 24.🧾 What should you keep after buying supplies? (a) the bill or receipt (b) nothing (c) only the bag (d) a selfie
25. 25.Ananya’s income was ₹170 and the profit was ₹120. One expense was ₹40 (lemons). How much was the other expense, for ribbon (in ₹)?
26. 26.Ishaan’s record for a rainy day:
    Income: ₹100 (sales)
    Expense: ₹90 (posters)
    Expense: ₹20 (paper cups)
    How much is the loss (in ₹)?
27. 27.Joseph’s record for a rainy day:
    Income: ₹140 (sales)
    Expense: ₹150 (transport)
    Expense: ₹80 (card paper)
    How much is the loss (in ₹)?
28. 28.Farhan’s record for a rainy day:
    Income: ₹240 (sales)
    Expense: ₹170 (posters)
    Expense: ₹110 (card paper)
    How much is the loss (in ₹)?
29. 29.True or false: “cash from selling plants” is an expense (money out). (a) True (b) False
30. 30.Kabir’s record for a rainy day:
    Income: ₹90 (sales)
    Expense: ₹50 (stall fee)
    Expense: ₹110 (ribbon)
    How much is the loss (in ₹)?
31. 31.Farhan’s record for a rainy day:
    Income: ₹270 (sales)
    Expense: ₹130 (stall fee)
    Expense: ₹190 (lemons)
    How much is the loss (in ₹)?
32. 32.📒 Income or expense: buying paper cups? (a) income (b) expense
33. 33.True or false: “cash from selling plants” is income (money in). (a) False (b) True
34. 34.Gurpreet’s record for the day:
    Income: ₹30 (morning sales)
    Income: ₹200 (evening sales)
    Expense: ₹90 (stall fee)
    Expense: ₹60 (lemons)
    What is the profit (in ₹)?
35. 35.Farhan’s stall took in ₹270 on Friday, ₹320 on Saturday and ₹120 on Sunday. What was the total income (in ₹)?
36. 36.Dev’s stall took in ₹280 on Friday, ₹230 on Saturday and ₹90 on Sunday. What was the total income (in ₹)?
37. 37.Rohan’s record for a rainy day:
    Income: ₹160 (sales)
    Expense: ₹200 (lemons)
    Expense: ₹10 (paper cups)
    How much is the loss (in ₹)?
38. 38.Meera’s record for a rainy day:
    Income: ₹230 (sales)
    Expense: ₹270 (lemons)
    Expense: ₹20 (ribbon)
    How much is the loss (in ₹)?
39. 39.Vihaan’s record for a rainy day:
    Income: ₹270 (sales)
    Expense: ₹50 (transport)
    Expense: ₹290 (posters)
    How much is the loss (in ₹)?
40. 40.Which of these is an expense (money out)? (a) money from sales (b) cash from selling plants (c) payment for a cake order (d) buying lemons

Free entrepreneurship lessons, practice and worksheets at talentjr.in/entrepreneurship-for-kids