XBRL's Global Ledger Taxonomy Can Be Used for Transaction Processing

question 47

Multiple Choice

XBRL's global ledger taxonomy can be used for transaction processing, while the US financial reporting taxonomy is focused on output reports.Which of the following XBRL tags would you expect to find as part of the global ledger taxonomy?

• A)<documentType>invoice</documentType>
• B)<totalAssets>10000</totalAssets>
• C)Both <documentType>invoice</documentType> and <totalAssets>10000</totalAssets>
• D)Neither <documentType>invoice</documentType> nor <totalAssets>10000</totalAssets>

---

Definitions:

Breakthrough

A significant discovery or achievement that advances understanding or capability within a particular field.

Conscious

The condition in which an individual is conscious of their own being, feelings, ideas, environment, and life events.

Academic Psychologists

Professionals who study, research, and teach various aspects of human behavior and mental processes within an academic setting.