Accounts nd finance.

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07 February 2012 what is ifrs?why it has come?
what is xbrl?to whom it is applicable?what is the advantage?

CA Prashant Gupta

CA Prashant Gupta (Expert)
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07 February 2012 IFRS is International Financial reporting standards. It comes to integrate the accounting norm all over the word.

XBRL is a reporting language used by MCA for for getting the annual reports from company. It is applicable to company registered in india.

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