How Many Books of Accounts shall be registered?

For Percentage Tax Registered Taxpayer / Entity

  • Servicing Business : 2 BooksJournal (Sec. 3, RR V-1)
    • Ledger (Sec. 3, RR V-1)

 

  • Trading / Merchandising (Selling Goods) : 3 Books
    • Journal (Sec. 3, RR V-1)
    • Ledger (Sec. 3, RR V-1)
    • Inventory Book (Sec.13, RR V-1)

 

  • Manufacturing (Selling Goods) : 3 Books
    • Journal (Sec. 3, RR V-1)
    • Ledger (Sec. 3, RR V-1)
    • Inventory Book (Sec.13, RR V-1)

 

 

For VAT-Registered Taxpayer / Entity

  • Servicing Business : 4 Books
    • Journal (Sec. 3, RR V-1)
    • Ledger (Sec. 3, RR V-1)
    • Subsidiary Sales Journal (Sec 113 (C), NIRC)
    • Subsidiary Purchase Journal (Sec 113 (C), NIRC)

 

  • Trading / Merchandising (Selling Goods) : 5 Books
    • Journal (Sec. 3, RR V-1)
    • Ledger (Sec. 3, RR V-1)
    • Inventory Book (Sec.13, RR V-1)
    • Subsidiary Sales Journal (Sec 113 (C), NIRC)
    • Subsidiary Purchase Journal (Sec 113 (C), NIRC)

 

  • Manufacturing (Selling Goods) : 5 Books
    • Journal (Sec. 3, RR V-1)
    • Ledger (Sec. 3, RR V-1)
    • Inventory Book (Sec.13, RR V-1)
    • Subsidiary Sales Journal (Sec 113 (C), NIRC)
    • Subsidiary Purchase Journal (Sec 113 (C), NIRC)

 

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