Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 798 · 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.Kavya’s income was ₹180 and the profit was ₹160. One expense was ₹10 (card paper). How much was the other expense, for paper cups (in ₹)?
2. 2.Which of these is income (money in)? (a) bus fare to the market (b) paying the stall fee (c) printing posters (d) tutoring fees received
3. 3.➖ Profit in your records = (a) expenses − income (b) just the income (c) income − expenses (d) income + expenses
4. 4.📅 When is the best time to update your records? (a) whenever you like (b) the same day (c) never (d) once a year
5. 5.Gurpreet’s income was ₹140 and the profit was ₹50. One expense was ₹20 (lemons). How much was the other expense, for transport (in ₹)?
6. 6.📒 Income or expense: cash from selling plants? (a) income (b) expense
7. 7.Joseph’s record for the day:
   Income: ₹70 (morning sales)
   Income: ₹390 (evening sales)
   Expense: ₹190 (paper cups)
   Expense: ₹50 (lemons)
   What is the profit (in ₹)?
8. 8.Nisha’s record for the day:
   Income: ₹330 (morning sales)
   Income: ₹80 (evening sales)
   Expense: ₹180 (sugar)
   Expense: ₹140 (stall fee)
   What is the profit (in ₹)?
9. 9.Kavya’s record for a rainy day:
   Income: ₹70 (sales)
   Expense: ₹50 (transport)
   Expense: ₹30 (lemons)
   How much is the loss (in ₹)?
10. 10.📒 Why write down every sale and cost? (a) no reason (b) to look busy (c) to know the real profit (d) to fill a notebook
11. 11.Which of these is an expense (money out)? (a) printing posters (b) payment for a cake order (c) tutoring fees received (d) money from sales
12. 12.Zoya’s record for the day:
    Income: ₹140 (morning sales)
    Income: ₹540 (evening sales)
    Expense: ₹180 (lemons)
    Expense: ₹200 (transport)
    What is the profit (in ₹)?
13. 13.Aarav’s record for a rainy day:
    Income: ₹120 (sales)
    Expense: ₹60 (stall fee)
    Expense: ₹160 (posters)
    How much is the loss (in ₹)?
14. 14.Ananya’s stall took in ₹300 on Friday, ₹90 on Saturday and ₹190 on Sunday. What was the total income (in ₹)?
15. 15.Tara’s income was ₹200 and the profit was ₹80. One expense was ₹100 (sugar). How much was the other expense, for paper cups (in ₹)?
16. 16.Rohan’s record for the day:
    Income: ₹190 (morning sales)
    Income: ₹250 (evening sales)
    Expense: ₹190 (paper cups)
    Expense: ₹130 (stall fee)
    What is the profit (in ₹)?
17. 17.Kabir’s record for the day:
    Income: ₹190 (morning sales)
    Income: ₹30 (evening sales)
    Expense: ₹130 (card paper)
    Expense: ₹40 (ribbon)
    What is the profit (in ₹)?
18. 18.True or false: “printing posters” is an expense (money out). (a) False (b) True
19. 19.Saanvi’s record for a rainy day:
    Income: ₹100 (sales)
    Expense: ₹40 (ribbon)
    Expense: ₹160 (posters)
    How much is the loss (in ₹)?
20. 20.Which of these is income (money in)? (a) paying the stall fee (b) buying paper cups (c) buying lemons (d) a card order paid
21. 21.Arjun’s income was ₹170 and the profit was ₹10. One expense was ₹90 (lemons). How much was the other expense, for paper cups (in ₹)?
22. 22.Saanvi’s income was ₹440 and the profit was ₹360. One expense was ₹40 (sugar). How much was the other expense, for transport (in ₹)?
23. 23.Zoya’s income was ₹420 and the profit was ₹390. One expense was ₹10 (transport). How much was the other expense, for card paper (in ₹)?
24. 24.True or false: “a card order paid” is an expense (money out). (a) True (b) False
25. 25.Aarav’s record for a rainy day:
    Income: ₹70 (sales)
    Expense: ₹90 (posters)
    Expense: ₹50 (paper cups)
    How much is the loss (in ₹)?
26. 26.🧾 What should you keep after buying supplies? (a) nothing (b) a selfie (c) the bill or receipt (d) only the bag
27. 27.True or false: “cash from selling plants” is income (money in). (a) True (b) False
28. 28.Which of these is income (money in)? (a) cash from selling plants (b) paying the stall fee (c) bus fare to the market (d) buying paper cups
29. 29.Rohan’s record for a rainy day:
    Income: ₹100 (sales)
    Expense: ₹140 (stall fee)
    Expense: ₹10 (lemons)
    How much is the loss (in ₹)?
30. 30.📒 Income or expense: money from sales? (a) income (b) expense
31. 31.Riya’s stall took in ₹250 on Friday, ₹50 on Saturday and ₹270 on Sunday. What was the total income (in ₹)?
32. 32.Aarav’s income was ₹190 and the profit was ₹110. One expense was ₹50 (lemons). How much was the other expense, for card paper (in ₹)?
33. 33.Which of these is income (money in)? (a) printing posters (b) payment for a cake order (c) paying the stall fee (d) buying paper cups
34. 34.Gurpreet’s stall took in ₹270 on Friday, ₹260 on Saturday and ₹220 on Sunday. What was the total income (in ₹)?
35. 35.Which of these is income (money in)? (a) paying the stall fee (b) buying lemons (c) money from sales (d) printing posters
36. 36.Tara’s stall took in ₹400 on Friday, ₹70 on Saturday and ₹230 on Sunday. What was the total income (in ₹)?
37. 37.📒 Income or expense: tutoring fees received? (a) income (b) expense
38. 38.Lakshmi’s record for a rainy day:
    Income: ₹180 (sales)
    Expense: ₹130 (ribbon)
    Expense: ₹140 (stall fee)
    How much is the loss (in ₹)?
39. 39.True or false: “money from sales” is income (money in). (a) False (b) True
40. 40.Zoya’s record for the day:
    Income: ₹80 (morning sales)
    Income: ₹80 (evening sales)
    Expense: ₹30 (posters)
    Expense: ₹40 (sugar)
    What is the profit (in ₹)?

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