Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 92 · 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 income (money in)? (a) money from sales (b) buying lemons (c) bus fare to the market (d) printing posters
2. 2.Kavya’s stall took in ₹380 on Friday, ₹270 on Saturday and ₹110 on Sunday. What was the total income (in ₹)?
3. 3.📒 Income or expense: printing posters? (a) income (b) expense
4. 4.True or false: “buying paper cups” is income (money in). (a) False (b) True
5. 5.True or false: “paying the stall fee” is income (money in). (a) False (b) True
6. 6.🧾 What should you keep after buying supplies? (a) nothing (b) the bill or receipt (c) a selfie (d) only the bag
7. 7.Zoya’s record for the day:
   Income: ₹90 (morning sales)
   Income: ₹120 (evening sales)
   Expense: ₹40 (transport)
   Expense: ₹50 (posters)
   What is the profit (in ₹)?
8. 8.Joseph’s record for the day:
   Income: ₹90 (morning sales)
   Income: ₹490 (evening sales)
   Expense: ₹170 (posters)
   Expense: ₹190 (lemons)
   What is the profit (in ₹)?
9. 9.📒 Income or expense: money from sales? (a) expense (b) income
10. 10.Ishaan’s stall took in ₹400 on Friday, ₹130 on Saturday and ₹290 on Sunday. What was the total income (in ₹)?
11. 11.Which of these is income (money in)? (a) tutoring fees received (b) paying the stall fee (c) bus fare to the market (d) buying lemons
12. 12.Tara’s record for the day:
    Income: ₹40 (morning sales)
    Income: ₹300 (evening sales)
    Expense: ₹190 (paper cups)
    Expense: ₹30 (transport)
    What is the profit (in ₹)?
13. 13.Which of these is an expense (money out)? (a) buying lemons (b) money from sales (c) payment for a cake order (d) a card order paid
14. 14.Aarav’s record for a rainy day:
    Income: ₹200 (sales)
    Expense: ₹200 (posters)
    Expense: ₹10 (stall fee)
    How much is the loss (in ₹)?
15. 15.📒 Income or expense: a card order paid? (a) expense (b) income
16. 16.True or false: “bus fare to the market” is income (money in). (a) True (b) False
17. 17.Riya’s record for the day:
    Income: ₹20 (morning sales)
    Income: ₹490 (evening sales)
    Expense: ₹90 (lemons)
    Expense: ₹200 (sugar)
    What is the profit (in ₹)?
18. 18.Ishaan’s stall took in ₹370 on Friday, ₹230 on Saturday and ₹180 on Sunday. What was the total income (in ₹)?
19. 19.📒 Income or expense: cash from selling plants? (a) expense (b) income
20. 20.➖ Profit in your records = (a) expenses − income (b) income + expenses (c) income − expenses (d) just the income
21. 21.📅 When is the best time to update your records? (a) never (b) the same day (c) once a year (d) whenever you like
22. 22.Rohan’s stall took in ₹250 on Friday, ₹400 on Saturday and ₹90 on Sunday. What was the total income (in ₹)?
23. 23.True or false: “printing posters” is income (money in). (a) False (b) True
24. 24.Riya’s income was ₹240 and the profit was ₹50. One expense was ₹150 (sugar). How much was the other expense, for paper cups (in ₹)?
25. 25.True or false: “buying paper cups” is an expense (money out). (a) False (b) True
26. 26.📒 Income or expense: paying the stall fee? (a) expense (b) income
27. 27.Rohan’s stall took in ₹120 on Friday, ₹300 on Saturday and ₹300 on Sunday. What was the total income (in ₹)?
28. 28.Ananya’s income was ₹400 and the profit was ₹190. One expense was ₹200 (stall fee). How much was the other expense, for transport (in ₹)?
29. 29.Saanvi’s income was ₹160 and the profit was ₹90. One expense was ₹40 (sugar). How much was the other expense, for lemons (in ₹)?
30. 30.Dev’s income was ₹240 and the profit was ₹180. One expense was ₹30 (posters). How much was the other expense, for stall fee (in ₹)?
31. 31.Kavya’s record for the day:
    Income: ₹260 (morning sales)
    Income: ₹20 (evening sales)
    Expense: ₹60 (posters)
    Expense: ₹170 (sugar)
    What is the profit (in ₹)?
32. 32.Kabir’s record for a rainy day:
    Income: ₹160 (sales)
    Expense: ₹90 (posters)
    Expense: ₹150 (lemons)
    How much is the loss (in ₹)?
33. 33.Dev’s income was ₹350 and the profit was ₹70. One expense was ₹130 (sugar). How much was the other expense, for stall fee (in ₹)?
34. 34.Kabir’s income was ₹330 and the profit was ₹40. One expense was ₹200 (paper cups). How much was the other expense, for sugar (in ₹)?
35. 35.Tara’s record for the day:
    Income: ₹200 (morning sales)
    Income: ₹180 (evening sales)
    Expense: ₹150 (sugar)
    Expense: ₹100 (lemons)
    What is the profit (in ₹)?
36. 36.Kabir’s record for the day:
    Income: ₹130 (morning sales)
    Income: ₹220 (evening sales)
    Expense: ₹90 (posters)
    Expense: ₹40 (lemons)
    What is the profit (in ₹)?
37. 37.📒 Income or expense: buying lemons? (a) income (b) expense
38. 38.Ananya’s record for the day:
    Income: ₹420 (morning sales)
    Income: ₹30 (evening sales)
    Expense: ₹160 (paper cups)
    Expense: ₹90 (transport)
    What is the profit (in ₹)?
39. 39.True or false: “payment for a cake order” is income (money in). (a) True (b) False
40. 40.Kavya’s stall took in ₹220 on Friday, ₹390 on Saturday and ₹400 on Sunday. What was the total income (in ₹)?

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