iRubric: Accounting Cycle rubric

Shows a well developed understanding of the principles of journalizing accurately in the appropriate journal.
(20-15 points)

Shows a good understanding of the principles of journalizing accurately in the appropriate journal.
(14-10 points)

Shows little to no understanding of the principles of journalizing accurately in the appropriate journal.
(9-5 points)

Transactions appear incomplete. Shows little to no understanding of the principles of journalizing accurately in the appropriate journal.
(4-0 points)

Cash at the end of play balanced with cash ledger each day.
(5 points)

Cash at the end of play balanced with cash ledger on 2 of the 3 days.
(4 points)

Cash at the end of play balanced with cash ledger on 1 of the 3 days.
(2 points)

Cash at the end of play did not balance with cash ledger on any of the days.
(1 points)

Income statement is presented with no errors.
(10-8 points)

Income statement is included with no major errors.
(7-5 points)

Income statement is included, but contain multiple errors.
(4-2 points)

Income statement was attempted but are basically incomplete.
(1-0 points)

Balance sheet is completed with no errors.
(10-8 points)

Balance sheet is completed with no major errors.
(7-5 points)

Balance sheet is included and have one error
(4-2 points)

Balance sheet was attempted but have several errors.
(1-0 points)