03 November 2011
XBRL software is used to convert the financial statement into a different reporting language and it is mandatory for the company specified by ROC. It is highly costing and hence not advisable otherwise mandatory required.
03 November 2011
XBRL is a language for the electronic communication of business and financial data which is revolutionizing business reporting around the world. It provides major benefits in the preparation, analysis and communication of business information. It offers cost savings, greater efficiency and improved accuracy and reliability to all those involved in supplying or using financial data
all companies whose paid up capital is 5 crores or above or turnover of 100 crores or above have to file their balance sheet in XBRL format. All listed companies and their subsidiary companies have to file through XBrL irrespective of their paid up capital
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