Computer-Based Books of Accounts
BIR Ruling No. 304-93 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Jul 8, 1993
Full text
July 8, 1993 BIR RULING NO. 304-93 COMPUTER-BASED BOOKS OF ACCOUNTS 235 142-90 304-93 Allied Banking Corporation Allied Bank Center 6754 Ayala Avenue cor. Legaspi St. Makati, Metro Manila Attention: Mr . Regnar C . Rivera Senior Vice President In reply to your letter dated April 1, 1993, please be informed that your request to adopt a computer-based accounting system in lieu of standard accounting records is hereby granted subject to the following conditions: 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, as amended. cd LIWAYWAY VINZONS-CHATO Commissioner of Internal Revenue
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