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iRubric: Income Statement Grading Rubric
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Income Statement Grading Rubric
Income Statement Grading Rubric
This rubric evaluates the required elements of an income statement.
Rubric Code:
Z2X73CC
By
MichaelJones
Ready to use
Public Rubric
Subject:
Accounting
Type:
Assignment
Grade Levels:
9-12, Undergraduate
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Income Statement Grading Rubric
Not Completed
8 pts
Completed but not Correct
18 pts
Correct
20 pts
The name of a business etc
Not Completed
The name of the business and the month of the statement is missing in the heading.
Completed but not Correct
Either the name of the business or the month of statement is incorrect missing.
Correct
The name of the business is correct and placed on the first line of the Income Statement heading. The month is included correctly
Gross Profit
Not Completed
The gross profit is not calculated or is incorrect.
Completed but not Correct
N/A
Correct
Gross Profit is accurately calculated/entered
Incomes and Expenses
Not Completed
Most Incomes and Expenses are not considered
Completed but not Correct
Few are not considered
Correct
All items have been correctly considered
Net Profit
Not Completed
Value is not computed or incorrectly derived
Completed but not Correct
Value is incorrect due to missing items
Correct
Value is correct
Enter Title
Not Completed
Completed but not Correct
Correct
Enter Title
Not Completed
Completed but not Correct
Correct
Subjects:
Accounting
Types:
Assignment
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