Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 816 · 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.Joseph’s stall took in ₹90 on Friday, ₹290 on Saturday and ₹220 on Sunday. What was the total income (in ₹)?
2. 2.Aarav’s record for the day:
   Income: ₹220 (morning sales)
   Income: ₹190 (evening sales)
   Expense: ₹80 (transport)
   Expense: ₹30 (posters)
   What is the profit (in ₹)?
3. 3.Which of these is income (money in)? (a) paying the stall fee (b) buying lemons (c) bus fare to the market (d) tutoring fees received
4. 4.📒 Income or expense: paying the stall fee? (a) income (b) expense
5. 5.🧾 What should you keep after buying supplies? (a) the bill or receipt (b) only the bag (c) nothing (d) a selfie
6. 6.Nisha’s stall took in ₹350 on Friday, ₹70 on Saturday and ₹310 on Sunday. What was the total income (in ₹)?
7. 7.Which of these is an expense (money out)? (a) a card order paid (b) money from sales (c) buying lemons (d) tutoring fees received
8. 8.True or false: “money from sales” is an expense (money out). (a) True (b) False
9. 9.Lakshmi’s record for a rainy day:
   Income: ₹80 (sales)
   Expense: ₹140 (stall fee)
   Expense: ₹10 (lemons)
   How much is the loss (in ₹)?
10. 10.True or false: “money from sales” is income (money in). (a) True (b) False
11. 11.📒 Why write down every sale and cost? (a) to know the real profit (b) no reason (c) to fill a notebook (d) to look busy
12. 12.True or false: “paying the stall fee” is an expense (money out). (a) True (b) False
13. 13.Ananya’s stall took in ₹190 on Friday, ₹330 on Saturday and ₹80 on Sunday. What was the total income (in ₹)?
14. 14.Rohan’s record for a rainy day:
    Income: ₹240 (sales)
    Expense: ₹40 (paper cups)
    Expense: ₹300 (lemons)
    How much is the loss (in ₹)?
15. 15.📒 Income or expense: tutoring fees received? (a) income (b) expense
16. 16.➖ Profit in your records = (a) income − expenses (b) income + expenses (c) just the income (d) expenses − income
17. 17.Farhan’s stall took in ₹330 on Friday, ₹230 on Saturday and ₹90 on Sunday. What was the total income (in ₹)?
18. 18.Nisha’s record for the day:
    Income: ₹160 (morning sales)
    Income: ₹180 (evening sales)
    Expense: ₹20 (paper cups)
    Expense: ₹90 (transport)
    What is the profit (in ₹)?
19. 19.Which of these is income (money in)? (a) printing posters (b) paying the stall fee (c) cash from selling plants (d) buying paper cups
20. 20.📒 Income or expense: buying paper cups? (a) income (b) expense
21. 21.True or false: “bus fare to the market” is an expense (money out). (a) False (b) True
22. 22.📒 Income or expense: money from sales? (a) income (b) expense
23. 23.Saanvi’s record for the day:
    Income: ₹100 (morning sales)
    Income: ₹330 (evening sales)
    Expense: ₹30 (transport)
    Expense: ₹190 (ribbon)
    What is the profit (in ₹)?
24. 24.Gurpreet’s record for the day:
    Income: ₹150 (morning sales)
    Income: ₹230 (evening sales)
    Expense: ₹160 (transport)
    Expense: ₹80 (lemons)
    What is the profit (in ₹)?
25. 25.Zoya’s record for a rainy day:
    Income: ₹210 (sales)
    Expense: ₹150 (card paper)
    Expense: ₹90 (posters)
    How much is the loss (in ₹)?
26. 26.True or false: “cash from selling plants” is income (money in). (a) True (b) False
27. 27.True or false: “bus fare to the market” is income (money in). (a) True (b) False
28. 28.Kabir’s income was ₹250 and the profit was ₹150. One expense was ₹60 (transport). How much was the other expense, for paper cups (in ₹)?
29. 29.Arjun’s record for a rainy day:
    Income: ₹290 (sales)
    Expense: ₹100 (stall fee)
    Expense: ₹220 (ribbon)
    How much is the loss (in ₹)?
30. 30.📒 Income or expense: a card order paid? (a) expense (b) income
31. 31.Ananya’s stall took in ₹90 on Friday, ₹250 on Saturday and ₹140 on Sunday. What was the total income (in ₹)?
32. 32.📒 Income or expense: cash from selling plants? (a) income (b) expense
33. 33.Kavya’s income was ₹300 and the profit was ₹140. One expense was ₹100 (stall fee). How much was the other expense, for paper cups (in ₹)?
34. 34.Which of these is income (money in)? (a) buying lemons (b) money from sales (c) buying paper cups (d) paying the stall fee
35. 35.True or false: “cash from selling plants” is an expense (money out). (a) True (b) False
36. 36.True or false: “tutoring fees received” is an expense (money out). (a) False (b) True
37. 37.Zoya’s record for a rainy day:
    Income: ₹170 (sales)
    Expense: ₹140 (ribbon)
    Expense: ₹50 (lemons)
    How much is the loss (in ₹)?
38. 38.Kabir’s income was ₹110 and the profit was ₹70. One expense was ₹30 (transport). How much was the other expense, for sugar (in ₹)?
39. 39.📒 Income or expense: bus fare to the market? (a) income (b) expense
40. 40.Ananya’s record for a rainy day:
    Income: ₹70 (sales)
    Expense: ₹60 (transport)
    Expense: ₹20 (paper cups)
    How much is the loss (in ₹)?

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