Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 89 · 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.Meera’s record for the day:
   Income: ₹140 (morning sales)
   Income: ₹180 (evening sales)
   Expense: ₹160 (transport)
   Expense: ₹60 (posters)
   What is the profit (in ₹)?
2. 2.True or false: “buying paper cups” is income (money in). (a) False (b) True
3. 3.📒 Why write down every sale and cost? (a) to look busy (b) to know the real profit (c) to fill a notebook (d) no reason
4. 4.Tara’s income was ₹160 and the profit was ₹120. One expense was ₹30 (sugar). How much was the other expense, for card paper (in ₹)?
5. 5.Which of these is an expense (money out)? (a) payment for a cake order (b) money from sales (c) a card order paid (d) buying lemons
6. 6.Diya’s record for the day:
   Income: ₹290 (morning sales)
   Income: ₹320 (evening sales)
   Expense: ₹160 (ribbon)
   Expense: ₹180 (paper cups)
   What is the profit (in ₹)?
7. 7.Joseph’s stall took in ₹290 on Friday, ₹380 on Saturday and ₹120 on Sunday. What was the total income (in ₹)?
8. 8.🧾 What should you keep after buying supplies? (a) nothing (b) the bill or receipt (c) a selfie (d) only the bag
9. 9.Which of these is income (money in)? (a) bus fare to the market (b) cash from selling plants (c) printing posters (d) paying the stall fee
10. 10.Kabir’s record for the day:
    Income: ₹110 (morning sales)
    Income: ₹290 (evening sales)
    Expense: ₹30 (transport)
    Expense: ₹70 (sugar)
    What is the profit (in ₹)?
11. 11.True or false: “printing posters” is income (money in). (a) False (b) True
12. 12.📒 Income or expense: buying lemons? (a) expense (b) income
13. 13.True or false: “cash from selling plants” is an expense (money out). (a) False (b) True
14. 14.True or false: “a card order paid” is income (money in). (a) False (b) True
15. 15.Which of these is income (money in)? (a) buying lemons (b) paying the stall fee (c) bus fare to the market (d) payment for a cake order
16. 16.Nisha’s stall took in ₹140 on Friday, ₹210 on Saturday and ₹130 on Sunday. What was the total income (in ₹)?
17. 17.Farhan’s income was ₹270 and the profit was ₹160. One expense was ₹40 (transport). How much was the other expense, for stall fee (in ₹)?
18. 18.📒 Income or expense: tutoring fees received? (a) expense (b) income
19. 19.Rohan’s record for a rainy day:
    Income: ₹170 (sales)
    Expense: ₹40 (stall fee)
    Expense: ₹200 (posters)
    How much is the loss (in ₹)?
20. 20.Kavya’s income was ₹490 and the profit was ₹20. One expense was ₹80 (paper cups). How much was the other expense, for card paper (in ₹)?
21. 21.Tara’s record for a rainy day:
    Income: ₹110 (sales)
    Expense: ₹50 (ribbon)
    Expense: ₹80 (sugar)
    How much is the loss (in ₹)?
22. 22.Saanvi’s record for the day:
    Income: ₹310 (morning sales)
    Income: ₹170 (evening sales)
    Expense: ₹30 (card paper)
    Expense: ₹150 (ribbon)
    What is the profit (in ₹)?
23. 23.Gurpreet’s stall took in ₹70 on Friday, ₹280 on Saturday and ₹270 on Sunday. What was the total income (in ₹)?
24. 24.📒 Income or expense: money from sales? (a) expense (b) income
25. 25.True or false: “paying the stall fee” is income (money in). (a) False (b) True
26. 26.Kabir’s stall took in ₹80 on Friday, ₹350 on Saturday and ₹80 on Sunday. What was the total income (in ₹)?
27. 27.➖ Profit in your records = (a) income + expenses (b) just the income (c) income − expenses (d) expenses − income
28. 28.📅 When is the best time to update your records? (a) whenever you like (b) the same day (c) never (d) once a year
29. 29.Which of these is an expense (money out)? (a) a card order paid (b) bus fare to the market (c) money from sales (d) cash from selling plants
30. 30.Aarav’s income was ₹160 and the profit was ₹40. One expense was ₹30 (sugar). How much was the other expense, for card paper (in ₹)?
31. 31.Ishaan’s record for a rainy day:
    Income: ₹130 (sales)
    Expense: ₹150 (posters)
    Expense: ₹50 (sugar)
    How much is the loss (in ₹)?
32. 32.Ananya’s stall took in ₹230 on Friday, ₹130 on Saturday and ₹190 on Sunday. What was the total income (in ₹)?
33. 33.Saanvi’s stall took in ₹330 on Friday, ₹400 on Saturday and ₹160 on Sunday. What was the total income (in ₹)?
34. 34.Nisha’s record for a rainy day:
    Income: ₹70 (sales)
    Expense: ₹70 (ribbon)
    Expense: ₹10 (paper cups)
    How much is the loss (in ₹)?
35. 35.Zoya’s income was ₹210 and the profit was ₹110. One expense was ₹50 (posters). How much was the other expense, for stall fee (in ₹)?
36. 36.📒 Income or expense: paying the stall fee? (a) expense (b) income
37. 37.Which of these is income (money in)? (a) paying the stall fee (b) buying paper cups (c) buying lemons (d) tutoring fees received
38. 38.Lakshmi’s record for a rainy day:
    Income: ₹80 (sales)
    Expense: ₹30 (posters)
    Expense: ₹110 (card paper)
    How much is the loss (in ₹)?
39. 39.📒 Income or expense: buying paper cups? (a) income (b) expense
40. 40.📒 Income or expense: a card order paid? (a) income (b) expense

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