Sufficient Compliance with the Provisions of the Bookkeeping Regulations

September 2, 1959 BIR RULING NO. 431-59 The Victory Business Agency 2nd Floor, The Remnants Center Bldg. 823 Juan Luna, Manila Gentlemen : This is in connection with your letter dated August 17, 1959, requesting the opinion of this Office whether or not the following procedure followed by your client is sufficient compliance with the provisions of Revenue Regulations No. V-1, otherwise know as the Bookkeeping Regulations: cdi Your client has hundreds of regular customers in Manila and in the provinces. He keeps a record of the names of his regular customers with the corresponding number, date and place of issue of the residence certificate "A" of each of them. To save time in the preparation of sales invoices issued to those regular customers, instead of noting down the number, date, and place of issue of the residence certificate of the purchaser when the value of the goods purchased is P50.00 or more, he simply writes "Please See Record" on the sales invoices. The above procedure is followed by your client only in the case of sales invoices issued to regular customers whose residence certificate "A" have been recorded by your. In the case of customers purchasing for the first time and therefore, his residence certificate has not been recorded by you, the number, date and place of issue of his residence certificate are indicated on the sales invoices issued to them whenever the value of the goods purchased is P50.00 or more. This Office is of the opinion that by following the above procedure your client has sufficiently complied with the provisions of the Bookkeeping Regulations. Very truly yours, (SGD.) MELECIO R. DOMINGO Commissioner of Internal Revenue