To solve this problem, we need to look at each sentence and decide if money is coming in (Income) or going out (Expense).
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Income means you receive or earn money. Look for words like "sell," "gives me," "win," or "receive."
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Expense means you spend or pay money. Look for words like "buy," "pay," or "cost."
Let's go through them one by one:
1.
"I sell some old newspaper..." → You are selling something to get money. This is
Income.
2.
"Aunty Carol gives me..." → Someone is giving you money. This is
Income.
3.
"I buy snacks..." → You are spending money to get food. This is
Expense.
4.
"I buy a bag of rice..." → You are spending money to get rice. This is
Expense.
5.
"I pay... for my mobile bill." → You are paying a bill. This is
Expense.
6.
"I win a lottery prize." → You won money. This is
Income.
7.
"I buy one popsicle..." → You are spending money on a treat. This is
Expense.
8.
"My mother gives me..." → Someone is giving you money. This is
Income.
9.
"Teacher gives me..." → Someone is giving you money. This is
Income.
10.
"I pay... for lunch." → You are spending money on food. This is
Expense.
Final Answer:
1. Income
2. Income
3. Expense
4. Expense
5. Expense
6. Income
7. Expense
8. Income
9. Income
10. Expense
Parent Tip: Review the logic above to help your child master the concept of income and expense worksheet.