What is the advantage of extensible business reporting language (XBRL) over extensible markup language (XML)?
A) XBRL employs standardized tags.
B) XBRL is objective.
C) XBRL is independent.
D) XBRL allows the user to define the tags.

Question

Quizplus · Accepted Answer

XBRL uses standardized tags which allows for more consistent and accurate reporting, whereas XML allows the user to define their own tags which can lead to inconsistencies and errors.

What Is the Advantage of Extensible Business Reporting Language (XBRL)