An instance document:
A) contains information about the organisation's financial statements at one instant in time.
B) contains contextual information such as monetary items, debit or credit, and balance sheet or income statement items.
C) can be used to store and transmit data between computers for various analyses, both internally and externally.
D) All of the above options are correct.

Question

Quizplus · Accepted Answer

When XBRL tagging is applied to a file containing data (e.g. an income statement), the XBRL-tagged document is called an instance document. The instance document contains information about the organisation's financial statements at one instant in time, along with contextual information such as monetary items, debit or credit, and balance sheet or income statement items. The instance document can be used to store and transmit data between computers for various analyses, both internally and externally.

An Instance Document