Hospital Physician to Issue Receipt of His Own Acknowledging Receipt of check from Cashier

April 4, 1974 BIR RULING NO. 006-74 Hospital physician to issue receipt of his own acknowledging receipt of check (patient's payment deposited with hospital) from cashier . This refers to your letter dated March 7, 1974 stating that in the hospital, patients pay for professional services rendered by attending doctors through the hospital's cashier; and that to safeguard these funds collected for the doctors, the hospital deposits these sums in its bank account and later remit to the individual physicians by check. cdt Under the foregoing circumstances, you would like to be informed whether the physician concerned should issue a receipt of his own acknowledging receipt of the check or would the voucher-check be sufficient since he has acknowledged receipt thereof. In reply, I have the honor to inform you in the affirmative. Since physicians are persons subject to internal revenue tax, they are required to issue receipts for every service rendered (Section 204, Tax Code). Moreover, physicians are required by Section 334 of the Tax Code to keep and use either a journal and a ledger, or their equivalents, or a simplified set of bookkeeping records duly authorized by the Secretary of Finance, depending on whether or not their gross quarterly earnings or receipts exceed P5,000.00. cdasia