Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 806 · 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.Diya’s record for a rainy day:
   Income: ₹210 (sales)
   Expense: ₹10 (card paper)
   Expense: ₹240 (stall fee)
   How much is the loss (in ₹)?
2. 2.Gurpreet’s income was ₹280 and the profit was ₹110. One expense was ₹150 (lemons). How much was the other expense, for paper cups (in ₹)?
3. 3.Ananya’s record for a rainy day:
   Income: ₹190 (sales)
   Expense: ₹180 (lemons)
   Expense: ₹100 (stall fee)
   How much is the loss (in ₹)?
4. 4.Farhan’s record for the day:
   Income: ₹80 (morning sales)
   Income: ₹160 (evening sales)
   Expense: ₹130 (transport)
   Expense: ₹80 (stall fee)
   What is the profit (in ₹)?
5. 5.Vihaan’s record for the day:
   Income: ₹550 (morning sales)
   Income: ₹60 (evening sales)
   Expense: ₹200 (posters)
   Expense: ₹170 (card paper)
   What is the profit (in ₹)?
6. 6.📒 Income or expense: tutoring fees received? (a) expense (b) income
7. 7.📅 When is the best time to update your records? (a) never (b) whenever you like (c) once a year (d) the same day
8. 8.Dev’s stall took in ₹130 on Friday, ₹160 on Saturday and ₹360 on Sunday. What was the total income (in ₹)?
9. 9.Which of these is income (money in)? (a) buying lemons (b) printing posters (c) bus fare to the market (d) a card order paid
10. 10.📒 Income or expense: payment for a cake order? (a) expense (b) income
11. 11.True or false: “tutoring fees received” is income (money in). (a) False (b) True
12. 12.Arjun’s record for a rainy day:
    Income: ₹100 (sales)
    Expense: ₹30 (card paper)
    Expense: ₹140 (paper cups)
    How much is the loss (in ₹)?
13. 13.Arjun’s stall took in ₹150 on Friday, ₹280 on Saturday and ₹230 on Sunday. What was the total income (in ₹)?
14. 14.📒 Income or expense: buying paper cups? (a) income (b) expense
15. 15.📒 Income or expense: printing posters? (a) income (b) expense
16. 16.Saanvi’s record for the day:
    Income: ₹310 (morning sales)
    Income: ₹30 (evening sales)
    Expense: ₹30 (card paper)
    Expense: ₹20 (stall fee)
    What is the profit (in ₹)?
17. 17.True or false: “printing posters” is income (money in). (a) False (b) True
18. 18.True or false: “money from sales” is income (money in). (a) True (b) False
19. 19.Arjun’s record for the day:
    Income: ₹110 (morning sales)
    Income: ₹200 (evening sales)
    Expense: ₹40 (card paper)
    Expense: ₹90 (stall fee)
    What is the profit (in ₹)?
20. 20.Riya’s stall took in ₹140 on Friday, ₹300 on Saturday and ₹250 on Sunday. What was the total income (in ₹)?
21. 21.Rohan’s record for the day:
    Income: ₹20 (morning sales)
    Income: ₹320 (evening sales)
    Expense: ₹70 (transport)
    Expense: ₹150 (lemons)
    What is the profit (in ₹)?
22. 22.Saanvi’s record for the day:
    Income: ₹270 (morning sales)
    Income: ₹50 (evening sales)
    Expense: ₹40 (stall fee)
    Expense: ₹50 (transport)
    What is the profit (in ₹)?
23. 23.Which of these is income (money in)? (a) tutoring fees received (b) bus fare to the market (c) paying the stall fee (d) buying paper cups
24. 24.Which of these is income (money in)? (a) buying lemons (b) bus fare to the market (c) money from sales (d) paying the stall fee
25. 25.Saanvi’s income was ₹200 and the profit was ₹150. One expense was ₹10 (lemons). How much was the other expense, for card paper (in ₹)?
26. 26.True or false: “buying paper cups” is income (money in). (a) True (b) False
27. 27.Vihaan’s record for the day:
    Income: ₹90 (morning sales)
    Income: ₹390 (evening sales)
    Expense: ₹150 (stall fee)
    Expense: ₹120 (lemons)
    What is the profit (in ₹)?
28. 28.Aarav’s stall took in ₹230 on Friday, ₹320 on Saturday and ₹70 on Sunday. What was the total income (in ₹)?
29. 29.📒 Income or expense: money from sales? (a) income (b) expense
30. 30.Kabir’s income was ₹120 and the profit was ₹90. One expense was ₹10 (posters). How much was the other expense, for lemons (in ₹)?
31. 31.📒 Why write down every sale and cost? (a) to look busy (b) no reason (c) to know the real profit (d) to fill a notebook
32. 32.Meera’s record for a rainy day:
    Income: ₹160 (sales)
    Expense: ₹70 (posters)
    Expense: ₹190 (card paper)
    How much is the loss (in ₹)?
33. 33.Tara’s income was ₹400 and the profit was ₹60. One expense was ₹20 (stall fee). How much was the other expense, for sugar (in ₹)?
34. 34.Which of these is an expense (money out)? (a) tutoring fees received (b) a card order paid (c) paying the stall fee (d) cash from selling plants
35. 35.Which of these is income (money in)? (a) buying lemons (b) printing posters (c) cash from selling plants (d) buying paper cups
36. 36.Ishaan’s record for the day:
    Income: ₹90 (morning sales)
    Income: ₹210 (evening sales)
    Expense: ₹150 (card paper)
    Expense: ₹50 (posters)
    What is the profit (in ₹)?
37. 37.Which of these is an expense (money out)? (a) payment for a cake order (b) tutoring fees received (c) money from sales (d) buying paper cups
38. 38.Ishaan’s income was ₹140 and the profit was ₹70. One expense was ₹20 (stall fee). How much was the other expense, for posters (in ₹)?
39. 39.📒 Income or expense: buying lemons? (a) expense (b) income
40. 40.Ishaan’s record for the day:
    Income: ₹50 (morning sales)
    Income: ₹410 (evening sales)
    Expense: ₹180 (posters)
    Expense: ₹190 (ribbon)
    What is the profit (in ₹)?

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