BIR Ruling [UN-102-94]

March 25, 1994 BIR RULING [UN-102-94] Medico Pharmacy, Inc. Medico Bldg., Ortigas Center Pasig, Metro Manila Attention: Ms . Rebecca T . Pascual Comptroller Gentlemen : This refers to your letter dated December 3, 1993, addressed to the Revenue District Officer of Revenue District No. 35, Pasig, Metro Manila, which was referred to this Office by the Regional Director of Revenue Region No. 7, Quezon City, bearing on your request for authority to use computerized books of accounts and other accounting records. In connection therewith, please be informed that your request which was made to facilitate voluminous transactions, is hereby granted subject to the following conditions, viz: (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 officers as if they are the traditional books of accounts, in accordance with Section 235 of the Tax Code, as amended. Very truly yours, ALICIA P. CLEMENO Officer-in-Charge (Legal Service)