Request to Use Computer-Based Accounting System

February 14, 1994 BIR RULING NO. 064-94 235 192-90 064-94 Mei Fong Toy Phils., Inc. 48 Asphaltrade Compound Amang Rodriguez Avenue, Manggahan Pasig, Metro Manila Attention: Ms . Madeline G . Bongcac Gentlemen : This refers to your letter dated December 29, 1992, which was referred to this Office by the Assistant Regional Director of BIR Region No. 4-B1, Quezon City, relative to your request that you be allowed to use computer-based accounting system. Specifically, the following are the books of accounts to be computerized: 1. Cash Disbursement Book 2. Cash Receipts Book 3. General Ledger 4. General Journal 5. Sales Book 6. Subsidiary ledger-purchases 7. Accounts Payable Book In reply, please be informed that your request is hereby granted subject to the following conditions: (1) A readable print-out of the information/accounting data should be made available/verifiable; and (2) Diskettes containing records, classification and summary of transactions shall be subject to examination and inspection of internal revenue officers as if they are the traditional books of accounts, in accordance with Section 235 of the Tax Code, as amended. cdta Very truly yours, LIWAYWAY VINZONS-CHATO Commissioner of Internal Revenue