Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 937 · 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.Riya’s record for the day:
   Income: ₹300 (morning sales)
   Income: ₹260 (evening sales)
   Expense: ₹160 (posters)
   Expense: ₹100 (ribbon)
   What is the profit (in ₹)?
2. 2.➖ Profit in your records = (a) expenses − income (b) income + expenses (c) just the income (d) income − expenses
3. 3.🧾 What should you keep after buying supplies? (a) a selfie (b) only the bag (c) nothing (d) the bill or receipt
4. 4.Saanvi’s record for the day:
   Income: ₹560 (morning sales)
   Income: ₹10 (evening sales)
   Expense: ₹160 (transport)
   Expense: ₹130 (stall fee)
   What is the profit (in ₹)?
5. 5.True or false: “a card order paid” is an expense (money out). (a) True (b) False
6. 6.📒 Income or expense: tutoring fees received? (a) expense (b) income
7. 7.Ishaan’s income was ₹200 and the profit was ₹70. One expense was ₹40 (card paper). How much was the other expense, for sugar (in ₹)?
8. 8.Gurpreet’s income was ₹370 and the profit was ₹30. One expense was ₹60 (paper cups). How much was the other expense, for posters (in ₹)?
9. 9.Joseph’s record for the day:
   Income: ₹100 (morning sales)
   Income: ₹190 (evening sales)
   Expense: ₹70 (sugar)
   Expense: ₹140 (posters)
   What is the profit (in ₹)?
10. 10.📒 Income or expense: buying paper cups? (a) income (b) expense
11. 11.Lakshmi’s record for a rainy day:
    Income: ₹130 (sales)
    Expense: ₹190 (sugar)
    Expense: ₹20 (posters)
    How much is the loss (in ₹)?
12. 12.Which of these is income (money in)? (a) buying paper cups (b) printing posters (c) bus fare to the market (d) tutoring fees received
13. 13.Saanvi’s income was ₹100 and the profit was ₹10. One expense was ₹70 (posters). How much was the other expense, for paper cups (in ₹)?
14. 14.Riya’s record for a rainy day:
    Income: ₹140 (sales)
    Expense: ₹30 (paper cups)
    Expense: ₹180 (transport)
    How much is the loss (in ₹)?
15. 15.Farhan’s income was ₹250 and the profit was ₹110. One expense was ₹130 (lemons). How much was the other expense, for stall fee (in ₹)?
16. 16.Aarav’s stall took in ₹400 on Friday, ₹170 on Saturday and ₹400 on Sunday. What was the total income (in ₹)?
17. 17.📒 Income or expense: a card order paid? (a) expense (b) income
18. 18.Which of these is an expense (money out)? (a) money from sales (b) buying paper cups (c) tutoring fees received (d) cash from selling plants
19. 19.Kavya’s record for the day:
    Income: ₹400 (morning sales)
    Income: ₹20 (evening sales)
    Expense: ₹140 (ribbon)
    Expense: ₹160 (posters)
    What is the profit (in ₹)?
20. 20.Arjun’s record for the day:
    Income: ₹190 (morning sales)
    Income: ₹20 (evening sales)
    Expense: ₹40 (lemons)
    Expense: ₹60 (sugar)
    What is the profit (in ₹)?
21. 21.Which of these is an expense (money out)? (a) payment for a cake order (b) money from sales (c) a card order paid (d) paying the stall fee
22. 22.📒 Why write down every sale and cost? (a) to fill a notebook (b) to know the real profit (c) no reason (d) to look busy
23. 23.Aarav’s stall took in ₹370 on Friday, ₹380 on Saturday and ₹180 on Sunday. What was the total income (in ₹)?
24. 24.Ananya’s record for a rainy day:
    Income: ₹240 (sales)
    Expense: ₹20 (stall fee)
    Expense: ₹250 (ribbon)
    How much is the loss (in ₹)?
25. 25.True or false: “cash from selling plants” is income (money in). (a) True (b) False
26. 26.Joseph’s record for a rainy day:
    Income: ₹130 (sales)
    Expense: ₹110 (stall fee)
    Expense: ₹60 (lemons)
    How much is the loss (in ₹)?
27. 27.Kabir’s record for the day:
    Income: ₹200 (morning sales)
    Income: ₹250 (evening sales)
    Expense: ₹180 (posters)
    Expense: ₹170 (lemons)
    What is the profit (in ₹)?
28. 28.📅 When is the best time to update your records? (a) whenever you like (b) never (c) once a year (d) the same day
29. 29.Joseph’s record for the day:
    Income: ₹70 (morning sales)
    Income: ₹10 (evening sales)
    Expense: ₹40 (posters)
    Expense: ₹20 (paper cups)
    What is the profit (in ₹)?
30. 30.Aarav’s record for a rainy day:
    Income: ₹80 (sales)
    Expense: ₹70 (stall fee)
    Expense: ₹90 (paper cups)
    How much is the loss (in ₹)?
31. 31.Dev’s record for a rainy day:
    Income: ₹290 (sales)
    Expense: ₹180 (transport)
    Expense: ₹140 (sugar)
    How much is the loss (in ₹)?
32. 32.📒 Income or expense: printing posters? (a) income (b) expense
33. 33.Zoya’s income was ₹430 and the profit was ₹130. One expense was ₹60 (ribbon). How much was the other expense, for transport (in ₹)?
34. 34.Which of these is an expense (money out)? (a) a card order paid (b) money from sales (c) buying lemons (d) cash from selling plants
35. 35.Gurpreet’s stall took in ₹240 on Friday, ₹230 on Saturday and ₹130 on Sunday. What was the total income (in ₹)?
36. 36.Saanvi’s record for the day:
    Income: ₹30 (morning sales)
    Income: ₹370 (evening sales)
    Expense: ₹50 (paper cups)
    Expense: ₹190 (posters)
    What is the profit (in ₹)?
37. 37.Rohan’s stall took in ₹60 on Friday, ₹210 on Saturday and ₹130 on Sunday. What was the total income (in ₹)?
38. 38.Ishaan’s record for a rainy day:
    Income: ₹50 (sales)
    Expense: ₹70 (transport)
    Expense: ₹80 (ribbon)
    How much is the loss (in ₹)?
39. 39.Joseph’s record for the day:
    Income: ₹90 (morning sales)
    Income: ₹130 (evening sales)
    Expense: ₹80 (card paper)
    Expense: ₹130 (transport)
    What is the profit (in ₹)?
40. 40.Vihaan’s stall took in ₹390 on Friday, ₹210 on Saturday and ₹390 on Sunday. What was the total income (in ₹)?

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