Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 838 · 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.Nisha’s record for a rainy day:
   Income: ₹260 (sales)
   Expense: ₹180 (stall fee)
   Expense: ₹160 (transport)
   How much is the loss (in ₹)?
2. 2.True or false: “money from sales” is income (money in). (a) False (b) True
3. 3.Aarav’s record for a rainy day:
   Income: ₹100 (sales)
   Expense: ₹90 (transport)
   Expense: ₹40 (posters)
   How much is the loss (in ₹)?
4. 4.Nisha’s record for the day:
   Income: ₹180 (morning sales)
   Income: ₹500 (evening sales)
   Expense: ₹190 (paper cups)
   Expense: ₹200 (sugar)
   What is the profit (in ₹)?
5. 5.Aarav’s income was ₹260 and the profit was ₹110. One expense was ₹20 (transport). How much was the other expense, for ribbon (in ₹)?
6. 6.Kavya’s record for the day:
   Income: ₹290 (morning sales)
   Income: ₹40 (evening sales)
   Expense: ₹100 (posters)
   Expense: ₹150 (ribbon)
   What is the profit (in ₹)?
7. 7.📒 Income or expense: bus fare to the market? (a) income (b) expense
8. 8.Riya’s record for the day:
   Income: ₹340 (morning sales)
   Income: ₹10 (evening sales)
   Expense: ₹120 (paper cups)
   Expense: ₹40 (ribbon)
   What is the profit (in ₹)?
9. 9.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
10. 10.True or false: “cash from selling plants” is income (money in). (a) True (b) False
11. 11.Diya’s stall took in ₹50 on Friday, ₹260 on Saturday and ₹300 on Sunday. What was the total income (in ₹)?
12. 12.True or false: “a card order paid” is an expense (money out). (a) True (b) False
13. 13.📒 Income or expense: cash from selling plants? (a) expense (b) income
14. 14.Aarav’s record for the day:
    Income: ₹90 (morning sales)
    Income: ₹220 (evening sales)
    Expense: ₹50 (posters)
    Expense: ₹110 (card paper)
    What is the profit (in ₹)?
15. 15.Lakshmi’s record for a rainy day:
    Income: ₹120 (sales)
    Expense: ₹30 (stall fee)
    Expense: ₹170 (sugar)
    How much is the loss (in ₹)?
16. 16.Diya’s stall took in ₹50 on Friday, ₹150 on Saturday and ₹70 on Sunday. What was the total income (in ₹)?
17. 17.🧾 What should you keep after buying supplies? (a) nothing (b) a selfie (c) only the bag (d) the bill or receipt
18. 18.📒 Income or expense: paying the stall fee? (a) income (b) expense
19. 19.Kabir’s record for the day:
    Income: ₹70 (morning sales)
    Income: ₹370 (evening sales)
    Expense: ₹150 (ribbon)
    Expense: ₹30 (card paper)
    What is the profit (in ₹)?
20. 20.Which of these is an expense (money out)? (a) tutoring fees received (b) cash from selling plants (c) a card order paid (d) paying the stall fee
21. 21.Which of these is an expense (money out)? (a) money from sales (b) tutoring fees received (c) printing posters (d) a card order paid
22. 22.True or false: “paying the stall fee” is an expense (money out). (a) True (b) False
23. 23.Farhan’s income was ₹230 and the profit was ₹30. One expense was ₹80 (stall fee). How much was the other expense, for posters (in ₹)?
24. 24.Diya’s record for a rainy day:
    Income: ₹180 (sales)
    Expense: ₹20 (lemons)
    Expense: ₹210 (paper cups)
    How much is the loss (in ₹)?
25. 25.Vihaan’s stall took in ₹110 on Friday, ₹250 on Saturday and ₹230 on Sunday. What was the total income (in ₹)?
26. 26.Dev’s record for a rainy day:
    Income: ₹70 (sales)
    Expense: ₹20 (posters)
    Expense: ₹100 (sugar)
    How much is the loss (in ₹)?
27. 27.True or false: “buying lemons” is an expense (money out). (a) True (b) False
28. 28.Farhan’s record for the day:
    Income: ₹40 (morning sales)
    Income: ₹140 (evening sales)
    Expense: ₹20 (ribbon)
    Expense: ₹120 (sugar)
    What is the profit (in ₹)?
29. 29.➖ Profit in your records = (a) income − expenses (b) just the income (c) expenses − income (d) income + expenses
30. 30.Kabir’s record for a rainy day:
    Income: ₹70 (sales)
    Expense: ₹10 (sugar)
    Expense: ₹70 (card paper)
    How much is the loss (in ₹)?
31. 31.Diya’s record for the day:
    Income: ₹240 (morning sales)
    Income: ₹190 (evening sales)
    Expense: ₹40 (sugar)
    Expense: ₹110 (posters)
    What is the profit (in ₹)?
32. 32.Which of these is income (money in)? (a) printing posters (b) money from sales (c) buying paper cups (d) paying the stall fee
33. 33.Kabir’s record for a rainy day:
    Income: ₹160 (sales)
    Expense: ₹40 (paper cups)
    Expense: ₹140 (sugar)
    How much is the loss (in ₹)?
34. 34.Diya’s record for the day:
    Income: ₹310 (morning sales)
    Income: ₹220 (evening sales)
    Expense: ₹70 (card paper)
    Expense: ₹200 (transport)
    What is the profit (in ₹)?
35. 35.Which of these is an expense (money out)? (a) buying lemons (b) tutoring fees received (c) payment for a cake order (d) a card order paid
36. 36.Which of these is an expense (money out)? (a) payment for a cake order (b) a card order paid (c) bus fare to the market (d) tutoring fees received
37. 37.📒 Income or expense: a card order paid? (a) expense (b) income
38. 38.Kabir’s record for the day:
    Income: ₹420 (morning sales)
    Income: ₹130 (evening sales)
    Expense: ₹160 (transport)
    Expense: ₹130 (paper cups)
    What is the profit (in ₹)?
39. 39.Nisha’s stall took in ₹240 on Friday, ₹380 on Saturday and ₹110 on Sunday. What was the total income (in ₹)?
40. 40.Ananya’s record for a rainy day:
    Income: ₹210 (sales)
    Expense: ₹50 (stall fee)
    Expense: ₹240 (sugar)
    How much is the loss (in ₹)?

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