Question

In the context of filing of financial statements by a company, the term “XBRL” means......................

Q: Answer-In the context of filing of financial statements by a company, the term &ldquo;XBRL&rdquo; means.......

XBRL stands for Extensible Business Reporting Language. It is a standardized and open-source markup language used for the electronic communication of business and financial data. Companies often use XBRL to format their financial statements and other reports for easier sharing, analysis, and regulatory compliance.