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(a) A ds~ty record of at l, cash ar~ credit sales, including sales <br />under any ~ype of fir, macing or installment plan in use; <br /> <br /> (b) A record of the amount of all raerchandise purchased, including <br />all bills of lading, invoices, and copies of purchase orders; <br /> <br /> (~) A record of all deductions and exemptions allowed by law ar~/or <br />cls.tm~d in filing sales or use tax returns, includirg exen~ption and resale <br />certificates; <br /> <br /> (d) A record of all tangible personal property used or consumed <br />the conduct of his business; <br /> <br /> (e_,) A true and complete inventory of the value of the stock on hand <br />taken at least once yearly. <br /> <br /> Such records shall be preserved for a period of two (2) years and <br />shall be open for exsmination at ar~ time by the Con~,~issioner or bis duly <br />authorized agents. <br /> <br /> if an assessment has been ,made and an appeal to the Commissioner or <br />to a Court is pending, books and records, as above specified relatiog to the <br />period covered by such proposed assessment, must be preserved until the <br />final disposition of the appeal. <br /> <br />RD-~E 81: Credit Sales <br /> <br /> Tax shall be computed and repo~c and remittance made monthly on <br />credit sales made during the reporting per~_od whether said sales are made <br />on open claarge account, conditior~l sales or otherwise regardless of the <br />status of such charge accounts at the close of the reporting period. <br /> <br /> Credit sales made smd collections effected during the reporting period <br />'shall be reported as cash sales. <br /> <br />RULE 82: Admi~Lstration of Oaths as Provided by the City of Portsmouth, <br /> Virginia Retail Sales and Use Tax Ordinance <br /> <br /> Any assistant of the Commissioner authorized by the Commissioner is <br />empowered to admir~ster oaths and take affi~ations in all matters pertain- <br />irg robes or her respective duties. <br /> <br /> By virtue of said authority, the Conmlssioner has or will authorize <br />ea&n such assistant ~o administer oaths and take affirmationS in any matter <br />pertaining ~o the administration and enforcement of the Ordinance. <br /> <br />RbU~E 83: Retail Bracket Sysvem <br /> <br /> in order ~o provide a method whereby there shall not be collected <br />on the average a tax grea~er than two per centu~ (2%), the Council has <br />adopted the follo.-~i~.g bracket syst~ for the application of the tax: <br /> <br />- 26 - <br /> <br /> <br />