Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 947 · 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.Nisha’s stall took in ₹100 on Friday, ₹310 on Saturday and ₹210 on Sunday. What was the total income (in ₹)?
2. 2.🧾 What should you keep after buying supplies? (a) only the bag (b) the bill or receipt (c) nothing (d) a selfie
3. 3.Diya’s record for the day:
   Income: ₹150 (morning sales)
   Income: ₹140 (evening sales)
   Expense: ₹40 (posters)
   Expense: ₹70 (lemons)
   What is the profit (in ₹)?
4. 4.Gurpreet’s stall took in ₹210 on Friday, ₹390 on Saturday and ₹130 on Sunday. What was the total income (in ₹)?
5. 5.True or false: “a card order paid” is an expense (money out). (a) False (b) True
6. 6.📒 Income or expense: payment for a cake order? (a) income (b) expense
7. 7.True or false: “paying the stall fee” is income (money in). (a) False (b) True
8. 8.Dev’s stall took in ₹340 on Friday, ₹400 on Saturday and ₹80 on Sunday. What was the total income (in ₹)?
9. 9.➖ Profit in your records = (a) expenses − income (b) just the income (c) income + expenses (d) income − expenses
10. 10.True or false: “printing posters” is an expense (money out). (a) True (b) False
11. 11.Which of these is income (money in)? (a) bus fare to the market (b) buying paper cups (c) printing posters (d) tutoring fees received
12. 12.Ishaan’s record for the day:
    Income: ₹110 (morning sales)
    Income: ₹130 (evening sales)
    Expense: ₹30 (transport)
    Expense: ₹150 (paper cups)
    What is the profit (in ₹)?
13. 13.📒 Why write down every sale and cost? (a) to know the real profit (b) to look busy (c) no reason (d) to fill a notebook
14. 14.Riya’s record for the day:
    Income: ₹80 (morning sales)
    Income: ₹90 (evening sales)
    Expense: ₹70 (card paper)
    Expense: ₹80 (lemons)
    What is the profit (in ₹)?
15. 15.Which of these is income (money in)? (a) buying lemons (b) paying the stall fee (c) a card order paid (d) buying paper cups
16. 16.Gurpreet’s stall took in ₹60 on Friday, ₹60 on Saturday and ₹310 on Sunday. What was the total income (in ₹)?
17. 17.Joseph’s record for the day:
    Income: ₹70 (morning sales)
    Income: ₹280 (evening sales)
    Expense: ₹100 (ribbon)
    Expense: ₹50 (lemons)
    What is the profit (in ₹)?
18. 18.📒 Income or expense: a card order paid? (a) income (b) expense
19. 19.Which of these is income (money in)? (a) payment for a cake order (b) printing posters (c) bus fare to the market (d) buying lemons
20. 20.Kavya’s stall took in ₹50 on Friday, ₹360 on Saturday and ₹370 on Sunday. What was the total income (in ₹)?
21. 21.Kabir’s stall took in ₹170 on Friday, ₹140 on Saturday and ₹180 on Sunday. What was the total income (in ₹)?
22. 22.Ananya’s record for the day:
    Income: ₹160 (morning sales)
    Income: ₹230 (evening sales)
    Expense: ₹130 (card paper)
    Expense: ₹160 (transport)
    What is the profit (in ₹)?
23. 23.Kavya’s stall took in ₹160 on Friday, ₹160 on Saturday and ₹210 on Sunday. What was the total income (in ₹)?
24. 24.📒 Income or expense: bus fare to the market? (a) income (b) expense
25. 25.True or false: “printing posters” is income (money in). (a) False (b) True
26. 26.Gurpreet’s stall took in ₹290 on Friday, ₹250 on Saturday and ₹280 on Sunday. What was the total income (in ₹)?
27. 27.Which of these is income (money in)? (a) bus fare to the market (b) buying lemons (c) money from sales (d) printing posters
28. 28.Which of these is an expense (money out)? (a) payment for a cake order (b) tutoring fees received (c) cash from selling plants (d) buying paper cups
29. 29.Nisha’s record for a rainy day:
    Income: ₹170 (sales)
    Expense: ₹20 (transport)
    Expense: ₹210 (ribbon)
    How much is the loss (in ₹)?
30. 30.Diya’s stall took in ₹130 on Friday, ₹210 on Saturday and ₹90 on Sunday. What was the total income (in ₹)?
31. 31.Zoya’s stall took in ₹150 on Friday, ₹110 on Saturday and ₹220 on Sunday. What was the total income (in ₹)?
32. 32.📅 When is the best time to update your records? (a) once a year (b) never (c) the same day (d) whenever you like
33. 33.📒 Income or expense: tutoring fees received? (a) income (b) expense
34. 34.Which of these is an expense (money out)? (a) money from sales (b) payment for a cake order (c) tutoring fees received (d) bus fare to the market
35. 35.Rohan’s record for a rainy day:
    Income: ₹60 (sales)
    Expense: ₹90 (paper cups)
    Expense: ₹70 (transport)
    How much is the loss (in ₹)?
36. 36.Vihaan’s record for the day:
    Income: ₹100 (morning sales)
    Income: ₹350 (evening sales)
    Expense: ₹170 (card paper)
    Expense: ₹30 (sugar)
    What is the profit (in ₹)?
37. 37.Which of these is an expense (money out)? (a) money from sales (b) paying the stall fee (c) payment for a cake order (d) a card order paid
38. 38.Tara’s income was ₹380 and the profit was ₹190. One expense was ₹40 (lemons). How much was the other expense, for paper cups (in ₹)?
39. 39.Dev’s record for the day:
    Income: ₹390 (morning sales)
    Income: ₹70 (evening sales)
    Expense: ₹110 (paper cups)
    Expense: ₹110 (stall fee)
    What is the profit (in ₹)?
40. 40.Vihaan’s stall took in ₹100 on Friday, ₹290 on Saturday and ₹90 on Sunday. What was the total income (in ₹)?

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