Computer-Based Accounting System
BIR Ruling No. 158-93 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Apr 29, 1993
Full text
April 29, 1993 BIR RULING NO. 158-93 COMPUTER-BASED ACCOUNTING SYSTEM 235 192-92 158-93 Jacinto Iron & Steel Sheets Corporation F. Jacinto House, 116 Rada St. Legaspi Village, Makati Metro Manila Attention: Mr . Hilario S . Ecleo Chief Accountant This refers to your letter, dated December 23, 1992, requesting in effect authority to adopt computer-based accounting system which will eventually eliminate the use of the traditional books of accounts, effective January 1, 1993. In reply, please be informed that your request is hereby granted subject to the following conditions: cdta (1) A readable print-out of the information/accounting data should be made available or 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. VICTOR A. DEOFERIO, JR. Deputy Commissioner of Internal Revenue
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