Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 93 · 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.True or false: “buying lemons” is an expense (money out). (a) True (b) False
2. 2.Nisha’s record for a rainy day:
   Income: ₹70 (sales)
   Expense: ₹10 (lemons)
   Expense: ₹90 (stall fee)
   How much is the loss (in ₹)?
3. 3.📒 Income or expense: a card order paid? (a) expense (b) income
4. 4.Which of these is an expense (money out)? (a) a card order paid (b) payment for a cake order (c) cash from selling plants (d) buying lemons
5. 5.True or false: “buying paper cups” is income (money in). (a) False (b) True
6. 6.Zoya’s record for the day:
   Income: ₹330 (morning sales)
   Income: ₹80 (evening sales)
   Expense: ₹110 (stall fee)
   Expense: ₹20 (card paper)
   What is the profit (in ₹)?
7. 7.Diya’s income was ₹440 and the profit was ₹220. One expense was ₹160 (paper cups). How much was the other expense, for sugar (in ₹)?
8. 8.Vihaan’s record for the day:
   Income: ₹10 (morning sales)
   Income: ₹470 (evening sales)
   Expense: ₹30 (posters)
   Expense: ₹160 (paper cups)
   What is the profit (in ₹)?
9. 9.Which of these is an expense (money out)? (a) cash from selling plants (b) tutoring fees received (c) money from sales (d) paying the stall fee
10. 10.📒 Income or expense: payment for a cake order? (a) expense (b) income
11. 11.Rohan’s stall took in ₹190 on Friday, ₹300 on Saturday and ₹90 on Sunday. What was the total income (in ₹)?
12. 12.📒 Income or expense: paying the stall fee? (a) expense (b) income
13. 13.Which of these is income (money in)? (a) bus fare to the market (b) buying paper cups (c) buying lemons (d) cash from selling plants
14. 14.Dev’s income was ₹230 and the profit was ₹170. One expense was ₹20 (ribbon). How much was the other expense, for lemons (in ₹)?
15. 15.Meera’s record for a rainy day:
    Income: ₹240 (sales)
    Expense: ₹250 (card paper)
    Expense: ₹80 (posters)
    How much is the loss (in ₹)?
16. 16.Ananya’s record for a rainy day:
    Income: ₹70 (sales)
    Expense: ₹10 (sugar)
    Expense: ₹80 (ribbon)
    How much is the loss (in ₹)?
17. 17.📒 Income or expense: cash from selling plants? (a) income (b) expense
18. 18.True or false: “money from sales” is an expense (money out). (a) False (b) True
19. 19.Riya’s record for a rainy day:
    Income: ₹150 (sales)
    Expense: ₹140 (stall fee)
    Expense: ₹110 (sugar)
    How much is the loss (in ₹)?
20. 20.Ananya’s record for the day:
    Income: ₹190 (morning sales)
    Income: ₹180 (evening sales)
    Expense: ₹70 (transport)
    Expense: ₹100 (paper cups)
    What is the profit (in ₹)?
21. 21.📒 Income or expense: money from sales? (a) expense (b) income
22. 22.Gurpreet’s income was ₹230 and the profit was ₹40. One expense was ₹60 (paper cups). How much was the other expense, for posters (in ₹)?
23. 23.🧾 What should you keep after buying supplies? (a) nothing (b) a selfie (c) only the bag (d) the bill or receipt
24. 24.Lakshmi’s record for the day:
    Income: ₹210 (morning sales)
    Income: ₹240 (evening sales)
    Expense: ₹120 (card paper)
    Expense: ₹190 (sugar)
    What is the profit (in ₹)?
25. 25.Kabir’s record for the day:
    Income: ₹210 (morning sales)
    Income: ₹50 (evening sales)
    Expense: ₹30 (stall fee)
    Expense: ₹30 (lemons)
    What is the profit (in ₹)?
26. 26.Kavya’s record for the day:
    Income: ₹240 (morning sales)
    Income: ₹90 (evening sales)
    Expense: ₹40 (stall fee)
    Expense: ₹160 (ribbon)
    What is the profit (in ₹)?
27. 27.Zoya’s record for the day:
    Income: ₹120 (morning sales)
    Income: ₹210 (evening sales)
    Expense: ₹80 (card paper)
    Expense: ₹120 (ribbon)
    What is the profit (in ₹)?
28. 28.Riya’s stall took in ₹230 on Friday, ₹110 on Saturday and ₹150 on Sunday. What was the total income (in ₹)?
29. 29.Riya’s record for the day:
    Income: ₹330 (morning sales)
    Income: ₹90 (evening sales)
    Expense: ₹140 (paper cups)
    Expense: ₹130 (stall fee)
    What is the profit (in ₹)?
30. 30.Which of these is income (money in)? (a) printing posters (b) buying lemons (c) tutoring fees received (d) paying the stall fee
31. 31.📒 Why write down every sale and cost? (a) to look busy (b) to fill a notebook (c) to know the real profit (d) no reason
32. 32.Which of these is income (money in)? (a) buying lemons (b) payment for a cake order (c) bus fare to the market (d) printing posters
33. 33.True or false: “printing posters” is income (money in). (a) False (b) True
34. 34.Meera’s income was ₹420 and the profit was ₹240. One expense was ₹150 (card paper). How much was the other expense, for posters (in ₹)?
35. 35.Zoya’s income was ₹360 and the profit was ₹90. One expense was ₹70 (transport). How much was the other expense, for card paper (in ₹)?
36. 36.Arjun’s stall took in ₹270 on Friday, ₹220 on Saturday and ₹260 on Sunday. What was the total income (in ₹)?
37. 37.True or false: “paying the stall fee” is an expense (money out). (a) True (b) False
38. 38.📒 Income or expense: buying lemons? (a) income (b) expense
39. 39.📒 Income or expense: tutoring fees received? (a) expense (b) income
40. 40.Gurpreet’s record for a rainy day:
    Income: ₹130 (sales)
    Expense: ₹40 (sugar)
    Expense: ₹100 (transport)
    How much is the loss (in ₹)?

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