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Section t0. License Tax V~en not Previously in Business a F~tl Year: The license tax of every person who mas licensed at a'defi- mite place of business for only a part of the next preceding license year shall be cmmputed for the then ctu~ent license year on the basis of an est£mate o£ the amount of gross receipts, gross sales or gross p~rchases which the licensee will r~Jze throug~nout the then current license yea~~, except, that any co~7mission merchant or wholesale mer- cY~ndise broker shall be licensed on the basis of gross contracts or orders, or gross commissions of the next precedin~ licer~e year or any parts thereof. ~ection 1t. EstL,~ates: Every tunderestimate under either of the two preceding sections shall be subject to correction uy the Cmmmissioner of the Revenue, whose duty it shall be ~o assess such licensee with such additior~l taxes as my be fotund to be due after the close of the license year on the basis of gross receipts, gross sales, gross purchases, gross cc~7~r.,~ssions, or gross contracts or orders, in acco_~ds~nce with the defi- nitions set fort~ in Section 21 hereof. Section 12. Records - Keeping of: Ever~y person liable for a license tax trader this ordinance w~hich is based on actual or probable purchases or sales, actual probable co.vmissions, gross receipts, from a bus,ness or profession, contracts or orders accepted or graded in ~ny other way, shall,where such tax is based on actual or probable purchases or sales, keep all in¥oices and a recor~l of all purchases and frora whom ~de, a record of all sales and where othe~-ise based, kee~ a record of all co~s- sions, gross receipts s_nd contracts or orders accepted, from '~inom ceived s~nd with whom made, and the report of such purchases, sales, commissions, receipts, contracts or srders accepted~ required to be mde for the conYputation of said license vax, shall be taken from such invoices and records and general books of accotunt. Ail such invoices and records mhd general books of account shall be open to inspection s_nd exami~,~tion on the premises of the business, employme.n_t or profession by the Director of FJ~as_nce, Cc~,~nissioner of the Revenue, License Inspector or arff assistan-s license inspector, or any other officer of the City of Port~mouth charged ~ ~ny ~r~ner witi~ the duty of assessing or collecting license ~axes.