Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 766 · 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.Riya’s stall took in ₹150 on Friday, ₹190 on Saturday and ₹260 on Sunday. What was the total income (in ₹)?
2. 2.Diya’s record for a rainy day:
   Income: ₹60 (sales)
   Expense: ₹20 (stall fee)
   Expense: ₹130 (sugar)
   How much is the loss (in ₹)?
3. 3.Lakshmi’s record for the day:
   Income: ₹10 (morning sales)
   Income: ₹260 (evening sales)
   Expense: ₹40 (card paper)
   Expense: ₹140 (stall fee)
   What is the profit (in ₹)?
4. 4.True or false: “buying lemons” is income (money in). (a) False (b) True
5. 5.Which of these is an expense (money out)? (a) buying paper cups (b) payment for a cake order (c) a card order paid (d) money from sales
6. 6.🧾 What should you keep after buying supplies? (a) only the bag (b) nothing (c) a selfie (d) the bill or receipt
7. 7.📒 Why write down every sale and cost? (a) to look busy (b) to know the real profit (c) no reason (d) to fill a notebook
8. 8.Farhan’s stall took in ₹130 on Friday, ₹400 on Saturday and ₹50 on Sunday. What was the total income (in ₹)?
9. 9.📒 Income or expense: paying the stall fee? (a) income (b) expense
10. 10.True or false: “cash from selling plants” is income (money in). (a) False (b) True
11. 11.Diya’s income was ₹210 and the profit was ₹70. One expense was ₹40 (transport). How much was the other expense, for paper cups (in ₹)?
12. 12.Which of these is an expense (money out)? (a) money from sales (b) cash from selling plants (c) buying lemons (d) payment for a cake order
13. 13.Aarav’s record for a rainy day:
    Income: ₹50 (sales)
    Expense: ₹90 (posters)
    Expense: ₹40 (ribbon)
    How much is the loss (in ₹)?
14. 14.Ishaan’s income was ₹330 and the profit was ₹290. One expense was ₹20 (posters). How much was the other expense, for card paper (in ₹)?
15. 15.True or false: “tutoring fees received” is an expense (money out). (a) False (b) True
16. 16.Which of these is income (money in)? (a) buying paper cups (b) paying the stall fee (c) money from sales (d) printing posters
17. 17.➖ Profit in your records = (a) income − expenses (b) income + expenses (c) expenses − income (d) just the income
18. 18.Dev’s record for a rainy day:
    Income: ₹90 (sales)
    Expense: ₹110 (stall fee)
    Expense: ₹70 (ribbon)
    How much is the loss (in ₹)?
19. 19.Diya’s income was ₹120 and the profit was ₹50. One expense was ₹40 (card paper). How much was the other expense, for paper cups (in ₹)?
20. 20.📒 Income or expense: bus fare to the market? (a) income (b) expense
21. 21.True or false: “money from sales” is income (money in). (a) False (b) True
22. 22.Meera’s record for a rainy day:
    Income: ₹90 (sales)
    Expense: ₹70 (stall fee)
    Expense: ₹30 (ribbon)
    How much is the loss (in ₹)?
23. 23.📒 Income or expense: a card order paid? (a) income (b) expense
24. 24.Zoya’s stall took in ₹400 on Friday, ₹70 on Saturday and ₹300 on Sunday. What was the total income (in ₹)?
25. 25.Tara’s income was ₹350 and the profit was ₹80. One expense was ₹90 (sugar). How much was the other expense, for ribbon (in ₹)?
26. 26.Dev’s record for a rainy day:
    Income: ₹240 (sales)
    Expense: ₹80 (sugar)
    Expense: ₹190 (posters)
    How much is the loss (in ₹)?
27. 27.True or false: “money from sales” is an expense (money out). (a) True (b) False
28. 28.Tara’s income was ₹260 and the profit was ₹60. One expense was ₹150 (transport). How much was the other expense, for card paper (in ₹)?
29. 29.Kabir’s record for the day:
    Income: ₹130 (morning sales)
    Income: ₹120 (evening sales)
    Expense: ₹20 (card paper)
    Expense: ₹50 (lemons)
    What is the profit (in ₹)?
30. 30.📒 Income or expense: cash from selling plants? (a) income (b) expense
31. 31.Arjun’s income was ₹170 and the profit was ₹110. One expense was ₹40 (transport). How much was the other expense, for paper cups (in ₹)?
32. 32.Nisha’s record for the day:
    Income: ₹140 (morning sales)
    Income: ₹390 (evening sales)
    Expense: ₹160 (stall fee)
    Expense: ₹120 (lemons)
    What is the profit (in ₹)?
33. 33.Arjun’s stall took in ₹100 on Friday, ₹130 on Saturday and ₹290 on Sunday. What was the total income (in ₹)?
34. 34.True or false: “buying lemons” is an expense (money out). (a) True (b) False
35. 35.Meera’s record for a rainy day:
    Income: ₹240 (sales)
    Expense: ₹30 (ribbon)
    Expense: ₹220 (lemons)
    How much is the loss (in ₹)?
36. 36.Riya’s income was ₹130 and the profit was ₹110. One expense was ₹10 (stall fee). How much was the other expense, for transport (in ₹)?
37. 37.📒 Income or expense: buying paper cups? (a) income (b) expense
38. 38.Which of these is income (money in)? (a) paying the stall fee (b) bus fare to the market (c) buying paper cups (d) payment for a cake order
39. 39.Diya’s record for a rainy day:
    Income: ₹90 (sales)
    Expense: ₹60 (paper cups)
    Expense: ₹40 (posters)
    How much is the loss (in ₹)?
40. 40.Dev’s record for a rainy day:
    Income: ₹160 (sales)
    Expense: ₹20 (sugar)
    Expense: ₹200 (ribbon)
    How much is the loss (in ₹)?

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