Computer-Based Accounting System
BIR Ruling No. 165-93 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • May 3, 1993
Full text
May 3, 1993 BIR RULING NO. 165-93 COMPUTER-BASED ACCOUNTING SYSTEM 235 282-92 165-93 Pacific Rare Metal Industries, Inc. 3rd Floor, Estuar Building 41 Timog Avenue, Quezon City Attention: Ms . Elisa S . Samaniego This refers to your letter dated January 20, 1993, which was referred to this Office by the Assistant Regional Director, BIR Region No. 4-B1, Quezon City, in effect, requesting authority to adopt a computer-based accounting system effective January 1, 1993. In reply, please be informed that your request is hereby granted subject to the following conditions: cdta 1. A readable printout 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. cd VICTOR A. DEOFERIO, JR. Deputy Commissioner of Internal Revenue
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