The main issue of XBRL tags in an accounting system is to ensure the tags that are set up against the chart of accounts codes in the __________ are correct and have been verified.
A)accounts payable ledger
B)general ledger
C)accounts receivable ledger
D)inventory ledger

Question

Quizplus · Accepted Answer

XBRL tags are used to label financial data with standardized codes that can be easily analyzed and compared. These tags must be correctly set up against the chart of accounts codes in the general ledger to ensure accurate reporting and analysis. The accounts payable, accounts receivable, and inventory ledgers may also contain financial data, but they are not directly related to the chart of accounts codes used in XBRL tagging.

The Main Issue of XBRL Tags in an Accounting System