Entrepreneurship Worksheet: Income and Expenses Record

Entrepreneurship lesson 14: Simple record keeping · Set 999 · 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.Meera’s record for the day:
   Income: ₹370 (morning sales)
   Income: ₹170 (evening sales)
   Expense: ₹70 (card paper)
   Expense: ₹200 (posters)
   What is the profit (in ₹)?
2. 2.Nisha’s record for a rainy day:
   Income: ₹90 (sales)
   Expense: ₹10 (transport)
   Expense: ₹100 (card paper)
   How much is the loss (in ₹)?
3. 3.Diya’s record for the day:
   Income: ₹350 (morning sales)
   Income: ₹50 (evening sales)
   Expense: ₹50 (transport)
   Expense: ₹180 (posters)
   What is the profit (in ₹)?
4. 4.Meera’s stall took in ₹130 on Friday, ₹60 on Saturday and ₹270 on Sunday. What was the total income (in ₹)?
5. 5.Zoya’s record for a rainy day:
   Income: ₹150 (sales)
   Expense: ₹30 (stall fee)
   Expense: ₹130 (transport)
   How much is the loss (in ₹)?
6. 6.True or false: “cash from selling plants” is an expense (money out). (a) False (b) True
7. 7.Meera’s record for the day:
   Income: ₹290 (morning sales)
   Income: ₹90 (evening sales)
   Expense: ₹70 (transport)
   Expense: ₹180 (posters)
   What is the profit (in ₹)?
8. 8.Kabir’s record for a rainy day:
   Income: ₹120 (sales)
   Expense: ₹90 (card paper)
   Expense: ₹50 (stall fee)
   How much is the loss (in ₹)?
9. 9.Which of these is income (money in)? (a) bus fare to the market (b) a card order paid (c) buying lemons (d) buying paper cups
10. 10.Rohan’s stall took in ₹380 on Friday, ₹230 on Saturday and ₹400 on Sunday. What was the total income (in ₹)?
11. 11.📒 Income or expense: tutoring fees received? (a) income (b) expense
12. 12.Which of these is an expense (money out)? (a) cash from selling plants (b) money from sales (c) payment for a cake order (d) printing posters
13. 13.📒 Income or expense: printing posters? (a) expense (b) income
14. 14.Lakshmi’s income was ₹450 and the profit was ₹200. One expense was ₹70 (lemons). How much was the other expense, for card paper (in ₹)?
15. 15.True or false: “buying lemons” is an expense (money out). (a) False (b) True
16. 16.Kabir’s stall took in ₹390 on Friday, ₹250 on Saturday and ₹380 on Sunday. What was the total income (in ₹)?
17. 17.➖ Profit in your records = (a) income − expenses (b) income + expenses (c) expenses − income (d) just the income
18. 18.Tara’s income was ₹220 and the profit was ₹100. One expense was ₹110 (ribbon). How much was the other expense, for card paper (in ₹)?
19. 19.📒 Income or expense: bus fare to the market? (a) income (b) expense
20. 20.Kavya’s stall took in ₹140 on Friday, ₹100 on Saturday and ₹240 on Sunday. What was the total income (in ₹)?
21. 21.Tara’s stall took in ₹330 on Friday, ₹180 on Saturday and ₹240 on Sunday. What was the total income (in ₹)?
22. 22.Kavya’s record for a rainy day:
    Income: ₹60 (sales)
    Expense: ₹20 (ribbon)
    Expense: ₹70 (card paper)
    How much is the loss (in ₹)?
23. 23.📒 Income or expense: cash from selling plants? (a) expense (b) income
24. 24.Zoya’s income was ₹250 and the profit was ₹50. One expense was ₹130 (ribbon). How much was the other expense, for paper cups (in ₹)?
25. 25.📒 Why write down every sale and cost? (a) to fill a notebook (b) to look busy (c) to know the real profit (d) no reason
26. 26.True or false: “printing posters” is an expense (money out). (a) False (b) True
27. 27.Arjun’s record for the day:
    Income: ₹90 (morning sales)
    Income: ₹260 (evening sales)
    Expense: ₹40 (lemons)
    Expense: ₹180 (ribbon)
    What is the profit (in ₹)?
28. 28.True or false: “a card order paid” is an expense (money out). (a) False (b) True
29. 29.Kabir’s stall took in ₹100 on Friday, ₹290 on Saturday and ₹340 on Sunday. What was the total income (in ₹)?
30. 30.Joseph’s record for a rainy day:
    Income: ₹50 (sales)
    Expense: ₹20 (stall fee)
    Expense: ₹40 (ribbon)
    How much is the loss (in ₹)?
31. 31.Aarav’s stall took in ₹70 on Friday, ₹130 on Saturday and ₹140 on Sunday. What was the total income (in ₹)?
32. 32.Farhan’s record for a rainy day:
    Income: ₹100 (sales)
    Expense: ₹40 (card paper)
    Expense: ₹90 (lemons)
    How much is the loss (in ₹)?
33. 33.Kavya’s record for the day:
    Income: ₹130 (morning sales)
    Income: ₹270 (evening sales)
    Expense: ₹110 (stall fee)
    Expense: ₹190 (posters)
    What is the profit (in ₹)?
34. 34.Nisha’s record for the day:
    Income: ₹20 (morning sales)
    Income: ₹290 (evening sales)
    Expense: ₹70 (posters)
    Expense: ₹60 (paper cups)
    What is the profit (in ₹)?
35. 35.Gurpreet’s record for a rainy day:
    Income: ₹200 (sales)
    Expense: ₹240 (sugar)
    Expense: ₹20 (card paper)
    How much is the loss (in ₹)?
36. 36.Rohan’s record for a rainy day:
    Income: ₹120 (sales)
    Expense: ₹110 (sugar)
    Expense: ₹50 (transport)
    How much is the loss (in ₹)?
37. 37.Meera’s stall took in ₹80 on Friday, ₹360 on Saturday and ₹100 on Sunday. What was the total income (in ₹)?
38. 38.Kabir’s income was ₹250 and the profit was ₹40. One expense was ₹40 (ribbon). How much was the other expense, for transport (in ₹)?
39. 39.Which of these is an expense (money out)? (a) bus fare to the market (b) tutoring fees received (c) money from sales (d) a card order paid
40. 40.📒 Income or expense: payment for a cake order? (a) income (b) expense

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