Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 900 · 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.Which of these is an expense (money out)? (a) printing posters (b) tutoring fees received (c) a card order paid (d) payment for a cake order
2. 2.📅 When is the best time to update your records? (a) the same day (b) once a year (c) never (d) whenever you like
3. 3.Kavya’s income was ₹130 and the profit was ₹30. One expense was ₹40 (sugar). How much was the other expense, for ribbon (in ₹)?
4. 4.📒 Income or expense: a card order paid? (a) expense (b) income
5. 5.Dev’s stall took in ₹140 on Friday, ₹270 on Saturday and ₹160 on Sunday. What was the total income (in ₹)?
6. 6.📒 Income or expense: money from sales? (a) income (b) expense
7. 7.Lakshmi’s income was ₹190 and the profit was ₹20. One expense was ₹130 (lemons). How much was the other expense, for transport (in ₹)?
8. 8.Meera’s income was ₹300 and the profit was ₹140. One expense was ₹150 (posters). How much was the other expense, for stall fee (in ₹)?
9. 9.Which of these is income (money in)? (a) printing posters (b) buying lemons (c) paying the stall fee (d) tutoring fees received
10. 10.Joseph’s record for a rainy day:
    Income: ₹250 (sales)
    Expense: ₹120 (transport)
    Expense: ₹140 (stall fee)
    How much is the loss (in ₹)?
11. 11.Which of these is income (money in)? (a) payment for a cake order (b) buying paper cups (c) paying the stall fee (d) bus fare to the market
12. 12.Lakshmi’s stall took in ₹250 on Friday, ₹170 on Saturday and ₹110 on Sunday. What was the total income (in ₹)?
13. 13.Lakshmi’s stall took in ₹320 on Friday, ₹380 on Saturday and ₹370 on Sunday. What was the total income (in ₹)?
14. 14.Vihaan’s stall took in ₹330 on Friday, ₹310 on Saturday and ₹130 on Sunday. What was the total income (in ₹)?
15. 15.Diya’s record for a rainy day:
    Income: ₹160 (sales)
    Expense: ₹110 (transport)
    Expense: ₹80 (lemons)
    How much is the loss (in ₹)?
16. 16.Kabir’s record for a rainy day:
    Income: ₹220 (sales)
    Expense: ₹190 (posters)
    Expense: ₹90 (card paper)
    How much is the loss (in ₹)?
17. 17.Diya’s record for the day:
    Income: ₹90 (morning sales)
    Income: ₹190 (evening sales)
    Expense: ₹100 (paper cups)
    Expense: ₹30 (transport)
    What is the profit (in ₹)?
18. 18.Joseph’s record for a rainy day:
    Income: ₹290 (sales)
    Expense: ₹290 (paper cups)
    Expense: ₹80 (posters)
    How much is the loss (in ₹)?
19. 19.True or false: “cash from selling plants” is an expense (money out). (a) False (b) True
20. 20.Ishaan’s income was ₹250 and the profit was ₹60. One expense was ₹40 (card paper). How much was the other expense, for transport (in ₹)?
21. 21.Which of these is an expense (money out)? (a) paying the stall fee (b) payment for a cake order (c) cash from selling plants (d) money from sales
22. 22.Meera’s record for the day:
    Income: ₹310 (morning sales)
    Income: ₹210 (evening sales)
    Expense: ₹170 (card paper)
    Expense: ₹50 (lemons)
    What is the profit (in ₹)?
23. 23.➖ Profit in your records = (a) income + expenses (b) expenses − income (c) just the income (d) income − expenses
24. 24.True or false: “bus fare to the market” is an expense (money out). (a) True (b) False
25. 25.Aarav’s record for a rainy day:
    Income: ₹110 (sales)
    Expense: ₹60 (sugar)
    Expense: ₹140 (transport)
    How much is the loss (in ₹)?
26. 26.True or false: “paying the stall fee” is an expense (money out). (a) False (b) True
27. 27.Riya’s record for the day:
    Income: ₹220 (morning sales)
    Income: ₹290 (evening sales)
    Expense: ₹150 (ribbon)
    Expense: ₹140 (transport)
    What is the profit (in ₹)?
28. 28.Rohan’s stall took in ₹230 on Friday, ₹390 on Saturday and ₹270 on Sunday. What was the total income (in ₹)?
29. 29.Nisha’s record for the day:
    Income: ₹40 (morning sales)
    Income: ₹430 (evening sales)
    Expense: ₹160 (paper cups)
    Expense: ₹100 (card paper)
    What is the profit (in ₹)?
30. 30.Ishaan’s record for a rainy day:
    Income: ₹60 (sales)
    Expense: ₹60 (stall fee)
    Expense: ₹20 (ribbon)
    How much is the loss (in ₹)?
31. 31.Saanvi’s stall took in ₹90 on Friday, ₹90 on Saturday and ₹150 on Sunday. What was the total income (in ₹)?
32. 32.Zoya’s record for a rainy day:
    Income: ₹180 (sales)
    Expense: ₹170 (lemons)
    Expense: ₹50 (stall fee)
    How much is the loss (in ₹)?
33. 33.📒 Why write down every sale and cost? (a) to look busy (b) to fill a notebook (c) no reason (d) to know the real profit
34. 34.True or false: “a card order paid” is income (money in). (a) True (b) False
35. 35.Tara’s record for a rainy day:
    Income: ₹240 (sales)
    Expense: ₹250 (transport)
    Expense: ₹30 (paper cups)
    How much is the loss (in ₹)?
36. 36.Dev’s income was ₹200 and the profit was ₹90. One expense was ₹90 (stall fee). How much was the other expense, for sugar (in ₹)?
37. 37.True or false: “tutoring fees received” is an expense (money out). (a) True (b) False
38. 38.Tara’s record for the day:
    Income: ₹210 (morning sales)
    Income: ₹360 (evening sales)
    Expense: ₹190 (lemons)
    Expense: ₹100 (stall fee)
    What is the profit (in ₹)?
39. 39.Aarav’s record for a rainy day:
    Income: ₹200 (sales)
    Expense: ₹40 (lemons)
    Expense: ₹220 (transport)
    How much is the loss (in ₹)?
40. 40.🧾 What should you keep after buying supplies? (a) only the bag (b) the bill or receipt (c) a selfie (d) nothing

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