Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 919 · 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.🧾 What should you keep after buying supplies? (a) a selfie (b) only the bag (c) the bill or receipt (d) nothing
2. 2.Saanvi’s stall took in ₹120 on Friday, ₹80 on Saturday and ₹200 on Sunday. What was the total income (in ₹)?
3. 3.True or false: “cash from selling plants” is income (money in). (a) True (b) False
4. 4.📒 Income or expense: payment for a cake order? (a) income (b) expense
5. 5.Ananya’s income was ₹170 and the profit was ₹90. One expense was ₹60 (sugar). How much was the other expense, for card paper (in ₹)?
6. 6.📒 Income or expense: money from sales? (a) income (b) expense
7. 7.Diya’s record for a rainy day:
   Income: ₹190 (sales)
   Expense: ₹180 (stall fee)
   Expense: ₹40 (posters)
   How much is the loss (in ₹)?
8. 8.📒 Income or expense: buying paper cups? (a) expense (b) income
9. 9.Riya’s record for a rainy day:
   Income: ₹210 (sales)
   Expense: ₹30 (lemons)
   Expense: ₹200 (stall fee)
   How much is the loss (in ₹)?
10. 10.True or false: “bus fare to the market” is income (money in). (a) True (b) False
11. 11.Farhan’s stall took in ₹80 on Friday, ₹50 on Saturday and ₹310 on Sunday. What was the total income (in ₹)?
12. 12.True or false: “buying paper cups” is an expense (money out). (a) True (b) False
13. 13.Joseph’s stall took in ₹110 on Friday, ₹290 on Saturday and ₹330 on Sunday. What was the total income (in ₹)?
14. 14.📒 Income or expense: tutoring fees received? (a) income (b) expense
15. 15.📒 Income or expense: cash from selling plants? (a) income (b) expense
16. 16.True or false: “cash from selling plants” is an expense (money out). (a) True (b) False
17. 17.📅 When is the best time to update your records? (a) never (b) once a year (c) whenever you like (d) the same day
18. 18.True or false: “printing posters” is income (money in). (a) True (b) False
19. 19.Aarav’s record for the day:
    Income: ₹120 (morning sales)
    Income: ₹400 (evening sales)
    Expense: ₹190 (card paper)
    Expense: ₹80 (lemons)
    What is the profit (in ₹)?
20. 20.Tara’s record for a rainy day:
    Income: ₹140 (sales)
    Expense: ₹120 (posters)
    Expense: ₹100 (transport)
    How much is the loss (in ₹)?
21. 21.📒 Income or expense: a card order paid? (a) income (b) expense
22. 22.Which of these is income (money in)? (a) buying lemons (b) buying paper cups (c) printing posters (d) cash from selling plants
23. 23.Dev’s stall took in ₹170 on Friday, ₹170 on Saturday and ₹80 on Sunday. What was the total income (in ₹)?
24. 24.📒 Income or expense: printing posters? (a) income (b) expense
25. 25.Ananya’s record for the day:
    Income: ₹10 (morning sales)
    Income: ₹280 (evening sales)
    Expense: ₹20 (posters)
    Expense: ₹110 (lemons)
    What is the profit (in ₹)?
26. 26.Gurpreet’s record for a rainy day:
    Income: ₹190 (sales)
    Expense: ₹20 (posters)
    Expense: ₹190 (stall fee)
    How much is the loss (in ₹)?
27. 27.Ishaan’s stall took in ₹100 on Friday, ₹200 on Saturday and ₹260 on Sunday. What was the total income (in ₹)?
28. 28.Riya’s record for the day:
    Income: ₹430 (morning sales)
    Income: ₹10 (evening sales)
    Expense: ₹140 (stall fee)
    Expense: ₹60 (lemons)
    What is the profit (in ₹)?
29. 29.Riya’s record for the day:
    Income: ₹180 (morning sales)
    Income: ₹350 (evening sales)
    Expense: ₹150 (transport)
    Expense: ₹90 (posters)
    What is the profit (in ₹)?
30. 30.➖ Profit in your records = (a) expenses − income (b) just the income (c) income − expenses (d) income + expenses
31. 31.Which of these is an expense (money out)? (a) cash from selling plants (b) a card order paid (c) paying the stall fee (d) payment for a cake order
32. 32.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
33. 33.Dev’s stall took in ₹250 on Friday, ₹310 on Saturday and ₹300 on Sunday. What was the total income (in ₹)?
34. 34.Riya’s record for the day:
    Income: ₹10 (morning sales)
    Income: ₹230 (evening sales)
    Expense: ₹170 (lemons)
    Expense: ₹60 (ribbon)
    What is the profit (in ₹)?
35. 35.Rohan’s record for a rainy day:
    Income: ₹180 (sales)
    Expense: ₹190 (stall fee)
    Expense: ₹70 (sugar)
    How much is the loss (in ₹)?
36. 36.Kabir’s income was ₹450 and the profit was ₹360. One expense was ₹60 (card paper). How much was the other expense, for transport (in ₹)?
37. 37.True or false: “bus fare to the market” is an expense (money out). (a) False (b) True
38. 38.Lakshmi’s stall took in ₹380 on Friday, ₹160 on Saturday and ₹400 on Sunday. What was the total income (in ₹)?
39. 39.Gurpreet’s income was ₹180 and the profit was ₹40. One expense was ₹100 (transport). How much was the other expense, for card paper (in ₹)?
40. 40.Lakshmi’s income was ₹500 and the profit was ₹90. One expense was ₹10 (lemons). How much was the other expense, for posters (in ₹)?

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