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Principles of Accounts 
Principles of Accounts
Rubric Code: JX626X6
By drchan
Ready to use
Public Rubric
Subject: Accounting  
Type: Assessment  
Grade Levels: K-5, Undergraduate

Powered by iRubric Principles of Accounts
Form 4
June 2016
  Excellent

(N/A)

Proficient

(N/A)

Novice

(N/A)

Unsatisfactory

(N/A)

Question #1

Trading and Profit and Loss A/C
Balance Sheet
Excellent

Shows an excellent understanding of Final Accounts. Can identify and classify the appropriate headings and entries.

(17 - 20 marks)
Proficient

Shows a good understanding of Final Accounts. Can identify and classify the appropriate headings and entries.

(14- 16 marks)
Novice

Shows a fair understanding of Final Accounts. Can on average identify and classify the appropriate headings and entries.

(11-13 marks)
Unsatisfactory

Doesn't understand Final Accounts and its structure well enough.

(< 10 marks)
Question # 2

Depreciation and Asset Disposal
Excellent

Shows a well developed understanding of the principles of Depreciation, its calculations and double entry.

(17 - 20 marks)
Proficient

Shows a good understanding of the principles of Depreciation, its calculations and double entry.

(14- 16 marks)
Novice

Shows a fair understanding of the principles of Depreciation, its calculations and double entry.

(11- 13 marks)
Unsatisfactory

Doesn't understand depreciation and the double entry associated with it.

(< 10 marks)
Question # 3

Bad Debts and Provisions for Doubtful Debts
Excellent

Shows a well developed understanding of the principles of Bad Debts and Bad Debt Provisions

(17 - 20 marks)
Proficient

Shows a good understanding of the principles of Bad Debts and Bad Debt Provisions


(14- 16 marks)
Novice

Shows a fair understanding of the principles of Bad Debts and Bad Debt Provisions


(11- 13 marks)
Unsatisfactory

Shows very little understanding of the principles of Bad Debts and Bad Debt Provisions


(< 10 marks)
Question # 4

Control Accounts
Excellent

Shows a well developed understanding of the principles of Control Accounts

(17 - 20 marks)
Proficient

Shows a good understanding of the principles of Control Accounts

(14- 16 marks)
Novice

Shows a fair understanding of the principles Control Accounts

(11- 13 marks)
Unsatisfactory

Shows very little understanding of the principles of Control Accounts

(< 10 marks)




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