Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 87 · 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.Dev’s record for a rainy day:
   Income: ₹70 (sales)
   Expense: ₹60 (paper cups)
   Expense: ₹30 (stall fee)
   How much is the loss (in ₹)?
2. 2.📒 Income or expense: printing posters? (a) expense (b) income
3. 3.Ananya’s record for the day:
   Income: ₹270 (morning sales)
   Income: ₹290 (evening sales)
   Expense: ₹150 (stall fee)
   Expense: ₹140 (lemons)
   What is the profit (in ₹)?
4. 4.Diya’s record for a rainy day:
   Income: ₹280 (sales)
   Expense: ₹140 (lemons)
   Expense: ₹160 (stall fee)
   How much is the loss (in ₹)?
5. 5.📒 Why write down every sale and cost? (a) to fill a notebook (b) to look busy (c) no reason (d) to know the real profit
6. 6.Kabir’s stall took in ₹290 on Friday, ₹110 on Saturday and ₹110 on Sunday. What was the total income (in ₹)?
7. 7.➖ Profit in your records = (a) expenses − income (b) just the income (c) income − expenses (d) income + expenses
8. 8.Which of these is an expense (money out)? (a) a card order paid (b) paying the stall fee (c) payment for a cake order (d) tutoring fees received
9. 9.📒 Income or expense: a card order paid? (a) income (b) expense
10. 10.True or false: “paying the stall fee” is an expense (money out). (a) False (b) True
11. 11.Riya’s record for a rainy day:
    Income: ₹240 (sales)
    Expense: ₹240 (sugar)
    Expense: ₹80 (ribbon)
    How much is the loss (in ₹)?
12. 12.True or false: “payment for a cake order” is an expense (money out). (a) True (b) False
13. 13.📒 Income or expense: money from sales? (a) expense (b) income
14. 14.Ananya’s stall took in ₹70 on Friday, ₹320 on Saturday and ₹210 on Sunday. What was the total income (in ₹)?
15. 15.True or false: “buying paper cups” is income (money in). (a) True (b) False
16. 16.True or false: “tutoring fees received” is income (money in). (a) True (b) False
17. 17.Ananya’s income was ₹450 and the profit was ₹230. One expense was ₹70 (posters). How much was the other expense, for stall fee (in ₹)?
18. 18.True or false: “money from sales” is an expense (money out). (a) False (b) True
19. 19.Meera’s income was ₹100 and the profit was ₹20. One expense was ₹10 (ribbon). How much was the other expense, for paper cups (in ₹)?
20. 20.Aarav’s record for the day:
    Income: ₹210 (morning sales)
    Income: ₹140 (evening sales)
    Expense: ₹40 (stall fee)
    Expense: ₹140 (sugar)
    What is the profit (in ₹)?
21. 21.Dev’s record for the day:
    Income: ₹80 (morning sales)
    Income: ₹110 (evening sales)
    Expense: ₹20 (transport)
    Expense: ₹160 (sugar)
    What is the profit (in ₹)?
22. 22.Tara’s stall took in ₹200 on Friday, ₹150 on Saturday and ₹210 on Sunday. What was the total income (in ₹)?
23. 23.True or false: “printing posters” is an expense (money out). (a) False (b) True
24. 24.Which of these is income (money in)? (a) a card order paid (b) buying lemons (c) buying paper cups (d) paying the stall fee
25. 25.Nisha’s income was ₹110 and the profit was ₹80. One expense was ₹20 (card paper). How much was the other expense, for posters (in ₹)?
26. 26.Which of these is income (money in)? (a) tutoring fees received (b) printing posters (c) buying lemons (d) bus fare to the market
27. 27.Diya’s stall took in ₹100 on Friday, ₹380 on Saturday and ₹340 on Sunday. What was the total income (in ₹)?
28. 28.Which of these is an expense (money out)? (a) money from sales (b) a card order paid (c) bus fare to the market (d) cash from selling plants
29. 29.True or false: “tutoring fees received” is an expense (money out). (a) False (b) True
30. 30.Kavya’s record for the day:
    Income: ₹20 (morning sales)
    Income: ₹440 (evening sales)
    Expense: ₹80 (transport)
    Expense: ₹110 (paper cups)
    What is the profit (in ₹)?
31. 31.Kavya’s income was ₹110 and the profit was ₹30. One expense was ₹10 (transport). How much was the other expense, for stall fee (in ₹)?
32. 32.True or false: “cash from selling plants” is income (money in). (a) True (b) False
33. 33.🧾 What should you keep after buying supplies? (a) only the bag (b) the bill or receipt (c) a selfie (d) nothing
34. 34.Rohan’s income was ₹290 and the profit was ₹240. One expense was ₹40 (transport). How much was the other expense, for stall fee (in ₹)?
35. 35.Zoya’s income was ₹340 and the profit was ₹30. One expense was ₹140 (sugar). How much was the other expense, for card paper (in ₹)?
36. 36.Rohan’s income was ₹430 and the profit was ₹180. One expense was ₹90 (ribbon). How much was the other expense, for stall fee (in ₹)?
37. 37.Saanvi’s record for a rainy day:
    Income: ₹60 (sales)
    Expense: ₹20 (paper cups)
    Expense: ₹140 (ribbon)
    How much is the loss (in ₹)?
38. 38.Gurpreet’s stall took in ₹80 on Friday, ₹210 on Saturday and ₹60 on Sunday. What was the total income (in ₹)?
39. 39.Gurpreet’s income was ₹220 and the profit was ₹10. One expense was ₹160 (stall fee). How much was the other expense, for card paper (in ₹)?
40. 40.Meera’s record for a rainy day:
    Income: ₹80 (sales)
    Expense: ₹90 (sugar)
    Expense: ₹70 (lemons)
    How much is the loss (in ₹)?

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