iRubric: Principles of Accounts rubric

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Principles of Accounts

POA Form 3 March 2017

Rubric Code: RX86797

By shirazali_tt

Ready to use

Public Rubric

Subject: Accounting

Type: Assessment

Grade Levels: 6-8, 9-12, Undergraduate

Principles of Accounts Form 3 March 2017
	Excellent (N/A)	Proficient (N/A)	Novice (N/A)	Unsatisfactory (N/A)
Question #1 Classification into Assets, Liabilities and Capital	Excellent Shows an excellent understanding of Classification into Assets, Liabilities and Capital (14 - 16 marks)	Proficient Shows a good understanding of Classification into Assets, Liabilities and Capital (11- 13 marks)	Novice Shows a fair understanding ofClassification into Assets, Liabilities and Capital (8-10 marks)	Unsatisfactory Doesn't understand Classification into Assets, Liabilities and Capital (< 8 marks)
Question # 2 The accounting equation	Excellent Shows a well developed understanding of the the accounting equation (10 - 12 marks)	Proficient Shows a good understanding of the accounting equation (8- 11 marks)	Novice Shows a fair understanding of the principles of the accounting equation (6- 7 marks)	Unsatisfactory Doesn't understand the accounting equation (< 6 marks)
Question # 3 Double entry system	Excellent Shows a well developed understanding of the Double entry system (45 - 55 marks)	Proficient Shows a good understanding of the Double entry system (35- 44 marks)	Novice Shows a fair understanding of the Double entry system (25- 34 marks)	Unsatisfactory Shows very little understanding of the Double entry system (< 25 marks)
Question # 4 & 5 Accounting Definitions	Excellent Shows a well developed understanding of Accounting Definitions (6 - 7 marks)	Proficient Shows a good understanding of Accounting Definitions (4 - 5 marks)	Novice Shows a fair understanding of Accounting Definitions (2 - 3 marks)	Unsatisfactory Shows very little understanding of Accounting Definitions (< 2 marks)