Computer-Based Books of Accounts

July 9, 1993 BIR RULING NO. 320-93 COMPUTER-BASED BOOKS OF ACCOUNTS 235 288-92 320-93 Stellar Sea Farms 3/F, CDC Building 1195 Orosa Street Ermita, Manila Attention: Mr . Miguel S . Perez Managing Director This refers to your letter dated May 24, 1993, requesting authority to adopt a computer-based accounting system effective July 1, 1993, as you are now in the process of computerizing your accounting system which will eventually eliminate the use of the traditional books of accounts. In reply, please be informed that your request is hereby granted subject to the following conditions: cdtech 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. LIWAYWAY VINZONS-CHATO Commissioner of Internal Revenue