Do you grade your kids work? Is there any meaning or relevance to home school grades?

Like when applying to colleges, I had to send in my high school transcript that had my courses taken, grades, and class rank.
Is there anything similar to that for home schoolers.
Basically, how do colleges evaluate them along side traditional students?

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You ain't the only one whose got problems. You ain't the only one who knows pain. Get up off your ass and just solve them. You still got a chance to try to change, try the shit again.
Devin tha Dude