Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 91 · 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.Kavya’s stall took in ₹130 on Friday, ₹110 on Saturday and ₹280 on Sunday. What was the total income (in ₹)?
2. 2.Tara’s stall took in ₹130 on Friday, ₹50 on Saturday and ₹350 on Sunday. What was the total income (in ₹)?
3. 3.📒 Why write down every sale and cost? (a) to fill a notebook (b) no reason (c) to know the real profit (d) to look busy
4. 4.Rohan’s stall took in ₹330 on Friday, ₹380 on Saturday and ₹290 on Sunday. What was the total income (in ₹)?
5. 5.Zoya’s record for the day:
   Income: ₹300 (morning sales)
   Income: ₹130 (evening sales)
   Expense: ₹60 (ribbon)
   Expense: ₹130 (stall fee)
   What is the profit (in ₹)?
6. 6.📒 Income or expense: a card order paid? (a) expense (b) income
7. 7.Which of these is income (money in)? (a) printing posters (b) money from sales (c) buying lemons (d) buying paper cups
8. 8.Kavya’s record for the day:
   Income: ₹230 (morning sales)
   Income: ₹220 (evening sales)
   Expense: ₹140 (lemons)
   Expense: ₹20 (sugar)
   What is the profit (in ₹)?
9. 9.➖ Profit in your records = (a) expenses − income (b) income + expenses (c) just the income (d) income − expenses
10. 10.📒 Income or expense: paying the stall fee? (a) income (b) expense
11. 11.Vihaan’s record for the day:
    Income: ₹100 (morning sales)
    Income: ₹40 (evening sales)
    Expense: ₹40 (transport)
    Expense: ₹90 (sugar)
    What is the profit (in ₹)?
12. 12.Lakshmi’s record for the day:
    Income: ₹70 (morning sales)
    Income: ₹200 (evening sales)
    Expense: ₹70 (stall fee)
    Expense: ₹50 (transport)
    What is the profit (in ₹)?
13. 13.Which of these is an expense (money out)? (a) payment for a cake order (b) bus fare to the market (c) tutoring fees received (d) cash from selling plants
14. 14.Kabir’s record for the day:
    Income: ₹190 (morning sales)
    Income: ₹370 (evening sales)
    Expense: ₹160 (lemons)
    Expense: ₹140 (posters)
    What is the profit (in ₹)?
15. 15.Saanvi’s record for the day:
    Income: ₹10 (morning sales)
    Income: ₹410 (evening sales)
    Expense: ₹160 (card paper)
    Expense: ₹160 (ribbon)
    What is the profit (in ₹)?
16. 16.Rohan’s record for the day:
    Income: ₹10 (morning sales)
    Income: ₹320 (evening sales)
    Expense: ₹30 (transport)
    Expense: ₹150 (card paper)
    What is the profit (in ₹)?
17. 17.Tara’s record for the day:
    Income: ₹350 (morning sales)
    Income: ₹20 (evening sales)
    Expense: ₹40 (card paper)
    Expense: ₹190 (stall fee)
    What is the profit (in ₹)?
18. 18.True or false: “bus fare to the market” is an expense (money out). (a) False (b) True
19. 19.Riya’s record for the day:
    Income: ₹70 (morning sales)
    Income: ₹240 (evening sales)
    Expense: ₹130 (posters)
    Expense: ₹110 (ribbon)
    What is the profit (in ₹)?
20. 20.Which of these is income (money in)? (a) bus fare to the market (b) printing posters (c) cash from selling plants (d) buying paper cups
21. 21.📒 Income or expense: cash from selling plants? (a) expense (b) income
22. 22.Which of these is an expense (money out)? (a) tutoring fees received (b) buying paper cups (c) money from sales (d) cash from selling plants
23. 23.Which of these is an expense (money out)? (a) a card order paid (b) paying the stall fee (c) money from sales (d) tutoring fees received
24. 24.📒 Income or expense: printing posters? (a) income (b) expense
25. 25.Zoya’s income was ₹450 and the profit was ₹40. One expense was ₹400 (transport). How much was the other expense, for stall fee (in ₹)?
26. 26.Kabir’s stall took in ₹170 on Friday, ₹80 on Saturday and ₹170 on Sunday. What was the total income (in ₹)?
27. 27.Farhan’s stall took in ₹80 on Friday, ₹50 on Saturday and ₹380 on Sunday. What was the total income (in ₹)?
28. 28.True or false: “paying the stall fee” is income (money in). (a) False (b) True
29. 29.Rohan’s stall took in ₹250 on Friday, ₹400 on Saturday and ₹180 on Sunday. What was the total income (in ₹)?
30. 30.Gurpreet’s income was ₹340 and the profit was ₹30. One expense was ₹160 (posters). How much was the other expense, for paper cups (in ₹)?
31. 31.True or false: “cash from selling plants” is income (money in). (a) True (b) False
32. 32.Diya’s income was ₹350 and the profit was ₹120. One expense was ₹220 (card paper). How much was the other expense, for stall fee (in ₹)?
33. 33.Rohan’s record for a rainy day:
    Income: ₹100 (sales)
    Expense: ₹100 (paper cups)
    Expense: ₹40 (card paper)
    How much is the loss (in ₹)?
34. 34.Zoya’s income was ₹310 and the profit was ₹160. One expense was ₹80 (transport). How much was the other expense, for paper cups (in ₹)?
35. 35.Which of these is income (money in)? (a) payment for a cake order (b) bus fare to the market (c) paying the stall fee (d) buying lemons
36. 36.True or false: “cash from selling plants” is an expense (money out). (a) True (b) False
37. 37.Saanvi’s stall took in ₹100 on Friday, ₹320 on Saturday and ₹350 on Sunday. What was the total income (in ₹)?
38. 38.True or false: “payment for a cake order” is an expense (money out). (a) False (b) True
39. 39.Tara’s record for a rainy day:
    Income: ₹200 (sales)
    Expense: ₹40 (transport)
    Expense: ₹200 (card paper)
    How much is the loss (in ₹)?
40. 40.Which of these is income (money in)? (a) paying the stall fee (b) bus fare to the market (c) buying lemons (d) tutoring fees received

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