Computerized Bookkeeping System
BIR Ruling No. 497-93 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Dec 20, 1993
Full text
December 20, 1993 BIR RULING NO. 497-93 COMPUTERIZED BOOKKEEPING SYSTEM 235 42-90 97-93 HK Securities, Inc. Ortigas cor. Meralco Avenue Pasig, Metro Manila Attention: Mr . Rodolfo V . Cruz President This refers to your letter dated December 23, 1992, which was referred to this Office by the Regional Director of Revenue Region No. 4-B1, Quezon City, together with all the pertinent papers bearing on your request to adopt a computer-based accounting system. LLjur 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 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. cdt LIWAYWAY VINZONS-CHATO Commissioner of Internal Revenue
Ask what this means for your situation
The assistant quotes the passage it relies on and links the source, so you can check every figure it gives you.