Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 923 · 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: ₹160 (morning sales)
   Income: ₹10 (evening sales)
   Expense: ₹70 (ribbon)
   Expense: ₹60 (sugar)
   What is the profit (in ₹)?
2. 2.Dev’s stall took in ₹130 on Friday, ₹380 on Saturday and ₹270 on Sunday. What was the total income (in ₹)?
3. 3.Saanvi’s record for the day:
   Income: ₹50 (morning sales)
   Income: ₹270 (evening sales)
   Expense: ₹40 (sugar)
   Expense: ₹150 (transport)
   What is the profit (in ₹)?
4. 4.Which of these is income (money in)? (a) printing posters (b) buying lemons (c) bus fare to the market (d) money from sales
5. 5.🧾 What should you keep after buying supplies? (a) only the bag (b) a selfie (c) nothing (d) the bill or receipt
6. 6.Dev’s record for a rainy day:
   Income: ₹230 (sales)
   Expense: ₹230 (card paper)
   Expense: ₹30 (posters)
   How much is the loss (in ₹)?
7. 7.Arjun’s income was ₹460 and the profit was ₹80. One expense was ₹210 (ribbon). How much was the other expense, for transport (in ₹)?
8. 8.Which of these is an expense (money out)? (a) tutoring fees received (b) money from sales (c) payment for a cake order (d) buying lemons
9. 9.Kabir’s income was ₹470 and the profit was ₹320. One expense was ₹40 (lemons). How much was the other expense, for card paper (in ₹)?
10. 10.True or false: “buying paper cups” is an expense (money out). (a) True (b) False
11. 11.📒 Why write down every sale and cost? (a) to know the real profit (b) to fill a notebook (c) no reason (d) to look busy
12. 12.📒 Income or expense: buying lemons? (a) income (b) expense
13. 13.➖ Profit in your records = (a) income + expenses (b) just the income (c) expenses − income (d) income − expenses
14. 14.📒 Income or expense: buying paper cups? (a) expense (b) income
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.📒 Income or expense: a card order paid? (a) income (b) expense
17. 17.Which of these is an expense (money out)? (a) buying paper cups (b) a card order paid (c) money from sales (d) tutoring fees received
18. 18.Aarav’s stall took in ₹340 on Friday, ₹260 on Saturday and ₹210 on Sunday. What was the total income (in ₹)?
19. 19.Joseph’s stall took in ₹150 on Friday, ₹220 on Saturday and ₹350 on Sunday. What was the total income (in ₹)?
20. 20.Zoya’s income was ₹330 and the profit was ₹290. One expense was ₹20 (card paper). How much was the other expense, for transport (in ₹)?
21. 21.📒 Income or expense: cash from selling plants? (a) expense (b) income
22. 22.Joseph’s record for the day:
    Income: ₹320 (morning sales)
    Income: ₹30 (evening sales)
    Expense: ₹160 (transport)
    Expense: ₹110 (ribbon)
    What is the profit (in ₹)?
23. 23.Aarav’s stall took in ₹120 on Friday, ₹250 on Saturday and ₹390 on Sunday. What was the total income (in ₹)?
24. 24.True or false: “buying paper cups” is income (money in). (a) True (b) False
25. 25.True or false: “tutoring fees received” is an expense (money out). (a) False (b) True
26. 26.Lakshmi’s record for the day:
    Income: ₹160 (morning sales)
    Income: ₹300 (evening sales)
    Expense: ₹160 (stall fee)
    Expense: ₹100 (card paper)
    What is the profit (in ₹)?
27. 27.📒 Income or expense: bus fare to the market? (a) income (b) expense
28. 28.Riya’s stall took in ₹120 on Friday, ₹190 on Saturday and ₹380 on Sunday. What was the total income (in ₹)?
29. 29.Diya’s stall took in ₹230 on Friday, ₹390 on Saturday and ₹80 on Sunday. What was the total income (in ₹)?
30. 30.True or false: “a card order paid” is income (money in). (a) False (b) True
31. 31.Ananya’s record for a rainy day:
    Income: ₹300 (sales)
    Expense: ₹240 (paper cups)
    Expense: ₹110 (stall fee)
    How much is the loss (in ₹)?
32. 32.True or false: “bus fare to the market” is an expense (money out). (a) True (b) False
33. 33.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) tutoring fees received
34. 34.Diya’s record for the day:
    Income: ₹150 (morning sales)
    Income: ₹180 (evening sales)
    Expense: ₹100 (lemons)
    Expense: ₹80 (sugar)
    What is the profit (in ₹)?
35. 35.Aarav’s record for a rainy day:
    Income: ₹260 (sales)
    Expense: ₹190 (paper cups)
    Expense: ₹140 (lemons)
    How much is the loss (in ₹)?
36. 36.True or false: “cash from selling plants” is an expense (money out). (a) False (b) True
37. 37.Dev’s income was ₹410 and the profit was ₹230. One expense was ₹10 (stall fee). How much was the other expense, for ribbon (in ₹)?
38. 38.📒 Income or expense: paying the stall fee? (a) expense (b) income
39. 39.Which of these is an expense (money out)? (a) cash from selling plants (b) money from sales (c) tutoring fees received (d) printing posters
40. 40.Riya’s record for a rainy day:
    Income: ₹220 (sales)
    Expense: ₹150 (lemons)
    Expense: ₹120 (card paper)
    How much is the loss (in ₹)?

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