How to retype ‘Notes to Accounts and Statements’ in XBRL format?
This shall be catered by the XBRL instance document creation software If the subsidiary Company’s paid up capital is less than Rupees 5 Crore, then I want to know whether it is to be filed in XBRL format. Subsidiary of listed company is required to file in XBRL format, irrespective of its paid up capital. Please give proper understanding on XBRL Taxonomy. Why does the excel file contain five sheets. XBRL is a collection of standardized, machine-readable “tags” for line items in financial statements, including footnotes and schedules. It is similar in concept to bar codes used to identify products. Using XBRL, each line in a financial statement is assigned a standardized data tag. XBRL is a standards-based way to communicate business and financial information. These communications are defined by metadata set out in taxonomies. Taxonomies capture the definition of individual reporting concepts as well as the relationships between concepts and other semantic meaning.
