Computerized Bookkeeping System
BIR Ruling No. 494-93 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Dec 16, 1993
Full text
December 16, 1993 BIR RULING NO. 494-93 COMPUTERIZED BOOKKEEPING SYSTEM 235 192-90 494-93 Philippine Communications Satellite Corporation Telecom Plaza Building 316 Sen. Gil J. Puyat Avenue 1200 Makati, Metro Manila Attention: Mr . Leonardo L . Africa This refers to your letter dated June 22, 1993, requesting authority to use a computer-based accounting system in lieu of the traditional manual books of accounts. Specifically, the following are the books of accounts to be computerized: 1. General Ledger 2. Cash Receipt Ledger 3. Cash Disbursement Ledger 4. Journal Voucher Register 5. Debit/Credit Memo Register 6. General Voucher Register In reply, please be informed that your request is hereby granted subject to the following conditions: (1) A readable print-out of the information/accounting data should be made available/verifiable; and (2) Diskettes containing records, classification and summary of transactions shall be subject to examination and inspection of internal revenue officer as if they are the traditional books of accounts, in accordance with Section 235 of the Tax Code, as amended. cdt LIWAYWAY VINZONS-CHATO Commissioner of Internal Revenue
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