XBRL Statement a ≪ifrs-Gp:PrepaymentsCurrent ContextRef="Current_AsOf" UnitRef="U-Euros" Decimals="0">25000</ifrs-Gp:PrepaymentsCurrent>

question 89

Multiple Choice

XBRL Statement A
<ifrs-gp:PrepaymentsCurrent contextRef="Current_AsOf" unitRef="U-Euros" decimals="0">25000</ifrs-gp:PrepaymentsCurrent>
-What is the purpose of a taxonomy?

• A)Relate data and metadata
• B)Explain the context in which data appears
• C)Standardize the tags used
• D)Defines the company entity

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Definitions:

Manual Accounting Systems

Traditional systems of accounting that use physical ledgers and books to record financial transactions manually.

Design And Structure

Encompasses the planning and organizing of systems, processes, or physical layouts to achieve desired functional and aesthetic goals.

Information Outputs

The resulting data or information that is produced from a process or system.

Timely And Accurate

Describes information or processes that are delivered or completed within an expected time frame and with precision or correctness.