Principles of Accounts
Name: ___________________ Teacher:
Date : ___________________ Title of Work: ___________________
 
Criteria
Points
1
2
3
4
 
Preparing of ledger accounts.
Shows little understanding of the principles of recording business transactions accurately in the appropriate ledger accounts.
Shows a basic understanding of the principles of recording business transactions accurately in the appropriate ledger accounts.
Shows a good understanding of the principles of recording business transactions accurately in the appropriate ledger accounts.
Shows a well-developed understanding of the principles of recording business transactions accurately in the appropriate ledger accounts.
____
Demonstration of facts, terms, concepts and principles related to the topics covered.
Limited ability to demonstrate knowledge and information through numeracy, presentation and comprehension.
Some ability to demonstrate knowledge and information through numeracy, presentation and comprehension.
Good ability to demonstrate knowledge and information through numeracy, presentation and comprehension.
Competently able to demonstrate knowledge and information through numeracy, presentation and comprehension.
____
Preparation of financial statements
No financial statements are prepared.
Some of the financial statements are prepared and more than 2 errors on those presented.
All of the financial statements are prepared with no more than 2 major errors on the complete set.
All of the financial statements are presented with no major errors.
____
Application of knowledge and information to various accounting situations and problems.
Limited ability to apply knowledge and information to various accounting situations and problems.
Good ability to apply knowledge and information to various accounting situations and problems.
Competently able to apply knowledge and information to various accounting situations and problems.
Capably able to apply knowledge and information to various accounting situations and problems.
____
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Total---->
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