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Wednesday, September 3, 2014

What is XBRL

XBRL is the short form of eXtensible business reporting language. This language is in XML and it can easily transfer from one computer to another computer. Different business reports are made in XBRL and transfer this business information without any problem.

This language is developed and published by XBRL international Inc. There are lots of famous financial organisation has used it. In these organisations, we can include security and excharge commission (SEC USA), HMRC ( hM revenue and customs UK) and companies house of Singapore. IFRS also sent his 2013 financial return to SEC in XBRL. MCA (ministory of corporate affairs of India) also uses the XBRL for his financial records and exchange with other central govt. departments.

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