Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 953 · 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.Dev’s income was ₹350 and the profit was ₹60. One expense was ₹270 (lemons). How much was the other expense, for ribbon (in ₹)?
2. 2.Dev’s income was ₹200 and the profit was ₹160. One expense was ₹30 (transport). How much was the other expense, for lemons (in ₹)?
3. 3.True or false: “printing posters” is an expense (money out). (a) True (b) False
4. 4.Ananya’s stall took in ₹210 on Friday, ₹130 on Saturday and ₹60 on Sunday. What was the total income (in ₹)?
5. 5.Diya’s stall took in ₹390 on Friday, ₹360 on Saturday and ₹270 on Sunday. What was the total income (in ₹)?
6. 6.Kavya’s record for the day:
   Income: ₹240 (morning sales)
   Income: ₹60 (evening sales)
   Expense: ₹20 (paper cups)
   Expense: ₹30 (sugar)
   What is the profit (in ₹)?
7. 7.Which of these is income (money in)? (a) tutoring fees received (b) buying lemons (c) paying the stall fee (d) printing posters
8. 8.Meera’s stall took in ₹60 on Friday, ₹230 on Saturday and ₹300 on Sunday. What was the total income (in ₹)?
9. 9.Vihaan’s record for the day:
   Income: ₹170 (morning sales)
   Income: ₹200 (evening sales)
   Expense: ₹190 (posters)
   Expense: ₹20 (lemons)
   What is the profit (in ₹)?
10. 10.📒 Income or expense: buying paper cups? (a) expense (b) income
11. 11.Which of these is an expense (money out)? (a) a card order paid (b) bus fare to the market (c) tutoring fees received (d) payment for a cake order
12. 12.Nisha’s income was ₹130 and the profit was ₹50. One expense was ₹10 (lemons). How much was the other expense, for sugar (in ₹)?
13. 13.Riya’s stall took in ₹120 on Friday, ₹140 on Saturday and ₹330 on Sunday. What was the total income (in ₹)?
14. 14.📒 Why write down every sale and cost? (a) to know the real profit (b) to look busy (c) to fill a notebook (d) no reason
15. 15.Kavya’s record for the day:
    Income: ₹130 (morning sales)
    Income: ₹180 (evening sales)
    Expense: ₹100 (ribbon)
    Expense: ₹180 (sugar)
    What is the profit (in ₹)?
16. 16.Meera’s record for a rainy day:
    Income: ₹240 (sales)
    Expense: ₹160 (lemons)
    Expense: ₹110 (posters)
    How much is the loss (in ₹)?
17. 17.Farhan’s income was ₹140 and the profit was ₹10. One expense was ₹110 (lemons). How much was the other expense, for posters (in ₹)?
18. 18.Diya’s record for the day:
    Income: ₹150 (morning sales)
    Income: ₹310 (evening sales)
    Expense: ₹60 (lemons)
    Expense: ₹200 (stall fee)
    What is the profit (in ₹)?
19. 19.📒 Income or expense: cash from selling plants? (a) income (b) expense
20. 20.True or false: “cash from selling plants” is an expense (money out). (a) False (b) True
21. 21.Kabir’s record for the day:
    Income: ₹110 (morning sales)
    Income: ₹40 (evening sales)
    Expense: ₹80 (paper cups)
    Expense: ₹40 (stall fee)
    What is the profit (in ₹)?
22. 22.Which of these is income (money in)? (a) printing posters (b) cash from selling plants (c) buying paper cups (d) paying the stall fee
23. 23.Ananya’s record for the day:
    Income: ₹110 (morning sales)
    Income: ₹100 (evening sales)
    Expense: ₹80 (sugar)
    Expense: ₹20 (lemons)
    What is the profit (in ₹)?
24. 24.Kavya’s record for the day:
    Income: ₹150 (morning sales)
    Income: ₹190 (evening sales)
    Expense: ₹90 (transport)
    Expense: ₹30 (card paper)
    What is the profit (in ₹)?
25. 25.Arjun’s stall took in ₹200 on Friday, ₹60 on Saturday and ₹280 on Sunday. What was the total income (in ₹)?
26. 26.Ananya’s income was ₹100 and the profit was ₹50. One expense was ₹40 (ribbon). How much was the other expense, for lemons (in ₹)?
27. 27.Nisha’s stall took in ₹90 on Friday, ₹220 on Saturday and ₹210 on Sunday. What was the total income (in ₹)?
28. 28.True or false: “bus fare to the market” is an expense (money out). (a) False (b) True
29. 29.True or false: “tutoring fees received” is an expense (money out). (a) False (b) True
30. 30.Kavya’s record for the day:
    Income: ₹30 (morning sales)
    Income: ₹300 (evening sales)
    Expense: ₹40 (posters)
    Expense: ₹150 (sugar)
    What is the profit (in ₹)?
31. 31.📒 Income or expense: printing posters? (a) income (b) expense
32. 32.True or false: “bus fare to the market” is income (money in). (a) False (b) True
33. 33.Tara’s stall took in ₹340 on Friday, ₹380 on Saturday and ₹90 on Sunday. What was the total income (in ₹)?
34. 34.Kabir’s income was ₹470 and the profit was ₹70. One expense was ₹30 (lemons). How much was the other expense, for stall fee (in ₹)?
35. 35.Meera’s income was ₹400 and the profit was ₹300. One expense was ₹50 (posters). How much was the other expense, for stall fee (in ₹)?
36. 36.Saanvi’s stall took in ₹270 on Friday, ₹220 on Saturday and ₹230 on Sunday. What was the total income (in ₹)?
37. 37.Dev’s record for the day:
    Income: ₹20 (morning sales)
    Income: ₹220 (evening sales)
    Expense: ₹30 (paper cups)
    Expense: ₹50 (stall fee)
    What is the profit (in ₹)?
38. 38.True or false: “buying lemons” is an expense (money out). (a) True (b) False
39. 39.Meera’s stall took in ₹220 on Friday, ₹150 on Saturday and ₹350 on Sunday. What was the total income (in ₹)?
40. 40.Vihaan’s income was ₹490 and the profit was ₹190. One expense was ₹230 (paper cups). How much was the other expense, for ribbon (in ₹)?

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