Question: XBRL or eXtensible business reporting language is a software standard that was developed to improve the way in which financial data is communicated, making it

XBRL or eXtensible business reporting language is a software standard that was developed to improve the way in which financial data is communicated, making it easier to compile and share this data among various users.

explain the concept of Taxonomy used in XBRL reporting ?

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