Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 942 · 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: “cash from selling plants” is an expense (money out). (a) False (b) True
2. 2.Which of these is income (money in)? (a) paying the stall fee (b) buying lemons (c) a card order paid (d) buying paper cups
3. 3.Diya’s stall took in ₹260 on Friday, ₹210 on Saturday and ₹240 on Sunday. What was the total income (in ₹)?
4. 4.Nisha’s record for the day:
   Income: ₹70 (morning sales)
   Income: ₹330 (evening sales)
   Expense: ₹30 (sugar)
   Expense: ₹200 (lemons)
   What is the profit (in ₹)?
5. 5.📒 Income or expense: tutoring fees received? (a) expense (b) income
6. 6.➖ Profit in your records = (a) just the income (b) expenses − income (c) income − expenses (d) income + expenses
7. 7.Diya’s record for a rainy day:
   Income: ₹180 (sales)
   Expense: ₹130 (stall fee)
   Expense: ₹110 (ribbon)
   How much is the loss (in ₹)?
8. 8.📒 Why write down every sale and cost? (a) no reason (b) to look busy (c) to know the real profit (d) to fill a notebook
9. 9.True or false: “buying lemons” is an expense (money out). (a) True (b) False
10. 10.Ananya’s stall took in ₹310 on Friday, ₹190 on Saturday and ₹230 on Sunday. What was the total income (in ₹)?
11. 11.📒 Income or expense: cash from selling plants? (a) income (b) expense
12. 12.Which of these is an expense (money out)? (a) tutoring fees received (b) cash from selling plants (c) a card order paid (d) buying lemons
13. 13.True or false: “tutoring fees received” is an expense (money out). (a) True (b) False
14. 14.Saanvi’s stall took in ₹350 on Friday, ₹310 on Saturday and ₹350 on Sunday. What was the total income (in ₹)?
15. 15.Joseph’s record for the day:
    Income: ₹150 (morning sales)
    Income: ₹120 (evening sales)
    Expense: ₹60 (paper cups)
    Expense: ₹60 (posters)
    What is the profit (in ₹)?
16. 16.Kavya’s stall took in ₹300 on Friday, ₹400 on Saturday and ₹160 on Sunday. What was the total income (in ₹)?
17. 17.True or false: “paying the stall fee” is income (money in). (a) True (b) False
18. 18.📒 Income or expense: money from sales? (a) expense (b) income
19. 19.Tara’s record for a rainy day:
    Income: ₹300 (sales)
    Expense: ₹350 (ribbon)
    Expense: ₹50 (sugar)
    How much is the loss (in ₹)?
20. 20.Tara’s stall took in ₹310 on Friday, ₹100 on Saturday and ₹180 on Sunday. What was the total income (in ₹)?
21. 21.True or false: “tutoring fees received” is income (money in). (a) True (b) False
22. 22.Zoya’s record for a rainy day:
    Income: ₹80 (sales)
    Expense: ₹60 (stall fee)
    Expense: ₹60 (posters)
    How much is the loss (in ₹)?
23. 23.Lakshmi’s record for the day:
    Income: ₹40 (morning sales)
    Income: ₹240 (evening sales)
    Expense: ₹140 (paper cups)
    Expense: ₹130 (sugar)
    What is the profit (in ₹)?
24. 24.Tara’s record for the day:
    Income: ₹220 (morning sales)
    Income: ₹160 (evening sales)
    Expense: ₹160 (card paper)
    Expense: ₹50 (paper cups)
    What is the profit (in ₹)?
25. 25.Saanvi’s record for the day:
    Income: ₹490 (morning sales)
    Income: ₹20 (evening sales)
    Expense: ₹30 (card paper)
    Expense: ₹200 (paper cups)
    What is the profit (in ₹)?
26. 26.Dev’s record for the day:
    Income: ₹240 (morning sales)
    Income: ₹150 (evening sales)
    Expense: ₹40 (posters)
    Expense: ₹160 (ribbon)
    What is the profit (in ₹)?
27. 27.Aarav’s stall took in ₹90 on Friday, ₹230 on Saturday and ₹210 on Sunday. What was the total income (in ₹)?
28. 28.📒 Income or expense: buying paper cups? (a) expense (b) income
29. 29.Meera’s record for the day:
    Income: ₹40 (morning sales)
    Income: ₹150 (evening sales)
    Expense: ₹40 (posters)
    Expense: ₹40 (paper cups)
    What is the profit (in ₹)?
30. 30.Rohan’s record for the day:
    Income: ₹200 (morning sales)
    Income: ₹20 (evening sales)
    Expense: ₹60 (sugar)
    Expense: ₹80 (posters)
    What is the profit (in ₹)?
31. 31.Saanvi’s record for a rainy day:
    Income: ₹190 (sales)
    Expense: ₹240 (ribbon)
    Expense: ₹20 (sugar)
    How much is the loss (in ₹)?
32. 32.Nisha’s income was ₹330 and the profit was ₹40. One expense was ₹90 (stall fee). How much was the other expense, for paper cups (in ₹)?
33. 33.Ishaan’s record for the day:
    Income: ₹210 (morning sales)
    Income: ₹150 (evening sales)
    Expense: ₹160 (sugar)
    Expense: ₹160 (paper cups)
    What is the profit (in ₹)?
34. 34.Arjun’s income was ₹150 and the profit was ₹40. One expense was ₹90 (ribbon). How much was the other expense, for card paper (in ₹)?
35. 35.Vihaan’s stall took in ₹350 on Friday, ₹250 on Saturday and ₹120 on Sunday. What was the total income (in ₹)?
36. 36.Which of these is an expense (money out)? (a) payment for a cake order (b) tutoring fees received (c) buying paper cups (d) money from sales
37. 37.🧾 What should you keep after buying supplies? (a) nothing (b) only the bag (c) the bill or receipt (d) a selfie
38. 38.True or false: “buying lemons” is income (money in). (a) True (b) False
39. 39.📒 Income or expense: buying lemons? (a) expense (b) income
40. 40.Dev’s record for a rainy day:
    Income: ₹300 (sales)
    Expense: ₹220 (posters)
    Expense: ₹130 (stall fee)
    How much is the loss (in ₹)?

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