ACC0utTlt6 At0 FltAtClAl

ltF0RHATl0t SYSTFHS
TFRH RFP0RT
NATtONAL FOOS (LT.)
2 | a g e


SUBMI11F 1O:
HABAH, SAHlNA RlAZ

SUBMI11F BY:
vlSEAl NANKANl {998)
ARFFBA N0HAN {989)
SYFBA IATlHA SA}}AB {9794)

PRO0RAM:
BS {ACC00NTlN6 ANB IlNANCF)

SUBMI11ION A1F:
S
TE
APRll,

NATtONAL FOOS (LT.)
3 | a g e

lFTTFR 0F AuTH0RlZATl0t

21
st
April , 2011
Dear Reader
As students oI IoBM, we have been authorized by MADAM, SAMINA RIAZ to prepare a Study on
'NATIONAL FOODS LTD. Ior the course oI ACCOUNTING AND FINANCIAL INFORMATION
SYSTEM to be submitted by 21
ST
APRIL, 2011.
The report required an in-depth research to be conducted beIore compiling a detailed account oI the
underlying opportunities. All attempts have been made to provide you with an inIormational report detailing
credible data and results to inIorm you on this subject.
II you have any queries regarding the report or the subject, you may contact us Ior Iurther assistance.

Sincerely,
VISHAL NANKANI ( 9928)
AREEBA NOMAN (%%%)
SYEDA FATIMA SA11AD (9794)

NATtONAL FOOS (LT.)
4 | a g e


lFTTFR 0F ACKt0wlF06FHFtT

21st April , 2011

Dear Reader,
We would like to take this opportunity to thank our instructor MADAM, SAMINA RIAZ who made this
study possible by providing his unconditional guidance and cooperation throughout the semester.
We are thankIul and look Iorward Ior such support in Iuture.
Sincerely,
VISHAL NANKANI ( 9928)
AREEBA NOMAN (9189)
SYEDA FATIMA SAJJAD (9794)

NATtONAL FOOS (LT.)
3 | a g e

C0HPAtY ltF0RHATl0t

OMPANY NAME: NATIONAL FOODS LTD.
ADDRESS: 12/ CL- 6, Claremont Road, Civil Lines, Karachi
ITY: KARACHI
ODE: 75400
OUNRTY: PAKISTAN
TELEPHONE: 92-21-35662687
WEBSITE: WWW.NFOODS.COM
EMAIL: FINANCENFOODS.COM
HART OF AOUNTS: BUILD YOUR OWN COMPANY
AOUNTING METHOD: ACCRUAL
AOUNTING PERIOD: 12 MONTHS
FISAL YEAR START: 1
ST
JANUARY,2011.
DATA ENTERING DATE: 1
ST
JANUARY,2011.









NATtONAL FOOS (LT.)
6 | a g e


tATl0tAl F000S llHlTF0
HlST0RY
National Foods began its journey in 1970 as a Spice company, with a revolutionary product that popularized
the concept oI having clean, healthy Iood. National Ioods` initiatives were, to make Iood that is hygienic,
reduce time spent in the kitchen by women, Ioster health and contribute towards personal attractiveness, so
that people who use our products would be able to experience a more rewarding liIe-style.
This was long beIore the phrase Corporate Mission` had even been invented. However, our Iounder`s
philosophy remains unchanged over time. Even iI their language and the notion oI only women doing the
housework have become outdated, in this age oI rapidly changing liIestyles, Iuelled by the rampant
development oI technology; consumers are compelled to alter their eating habits. National Foods responds to
this challenge oI developing innovative Iood products based on convenience and quick preparation in line
with modern liIestyles and yet retains traditional values through its diverse collection oI Iood products.
In a history that now crosses three decades, National Foods` success has been inIluenced by the major events
oI the day economic boom, depression, wars, changing consumer liIestyles and technological
advancements. Even aIter three decades the company`s Iocal point still remains on customer`s needs through
product development in line with the changing market trends.

vlSl0t
'To be a Rs. 50 billion food company by the year 2020 in the convenience food segment by
launching products and services in the domestic and international markets that enhance
lifestyle and create value for our customers through management excellence at all levels`

NATtONAL FOOS (LT.)
7 | a g e


CF0'S HFSSA6F
In this era oI Iast paced liIe, execution oI business decisions has signiIicantly been impacted through the use
oI technology. Planning, analysis and strategy developments are now all dependent on the plethora oI
inIormation available. Correct usage oI this inIormation can impact and reward the outcome oI business
results in the shape oI growth, proIits, market share and also the brand image and perception a company
portrays in the one large global market. Technology has indeed transIormed how we think and perIorm our
tasks. Most oI all it has uniIied markets into a global village promoting direct interactions with customers
and service providers. Indeed, business is being executed at the
speed oI thought.
Our journey to become a leader in the Iood business in Pakistan
and a major player in the international markets has not come
about without the use oI technology. In Iact our growth rate has
been sustained through the continuous usage and up gradation
oI technology when adapting to modern management practices.
Our brand today is ranked at number 2 position out oI a total
3500 brands marketed and sold in Pakistan.
Our brand new website showcases all our categories and brands
and in Iact oIIers you an opportunity to directly interact with
us. Although we produce branded multi category Iood items;
the complex process oI manuIacturing, supply chain
management, quality assurance, research and development,
market research and brand marketing practices are heavily
dependent on the extraction and usage oI data to make
decisions. Our choice oI using SAP applications towards
enterprise.
management has helped us reap many awards oI excellence.
Technology is embedded in how we do business.
In the months to come, you will see our website develop and
evolve Iurther to cater to all our business stakeholders. We will
oIIer them a direct transactional nature oI relationship by
linking our ERP SAP applications to help them make inIormed
choices to Iurther our mutual business. The Internet in Iact will
become the nucleus or the hub around which we shall be carrying out all our business.
The website will become the central hub oIIering stakeholders and consumers company inIormation and
updated knowledge and news, it will provide a direct access to employees to interact through a company
intranet, it will become a portal Ior all our supply chain customers to track their orders and Iinally a vantage
point Ior all our customers domestically and globally to order our products as an individual user or a
business distributor directly without any interaction Irom us.
Welcome to the new era oI business management.
Abrar Hasan
NATtONAL FOOS (LT.)
8 | a g e

C0RF vAluFS
Passion
We act with intense positive energy and are not aIraid to take risks. We challenge ourselves continuously,
we`re good at what we do, and we take pride in who we are.

People-centric
We put our people Iirst. We treat them with respect and actively contribute towards their development.

:stomer Foc:s
We see the world through the eyes oI our customers. We do everything possible that makes them happy.

Leadership
We are part oI the solution, never the problem. We act like owners and have a positive inIluence on others.

Teamwork
Our roles are deIined, not our responsibilities. We believe in going the extra mile to accomplish our goals.
We coach and support each other to ensure everyone wins. We have a 'WE versus I mindset.

Ethics
We don`t run our business at the cost oI human or ethical values.

Excellence in exec:tion
We say. We do. We deliver. We talk with our actions. We strive Ior nothing but the best. Execution is the
key to winning!

Acco:ntability
We see. We act. We take Iull responsibility Ior our actions and results. We don`t blame others Ior our
mistakes; we analyze them and correct them.

RAt0 l060
At NFL, Ireshness is what keeps us going. We keep liIe updated with new recipes, new products, and now
we`ve got ourselves a TransIormed logo.
As with everything we do, we took a careIul look at what we had, kept
the best oI the past, and introduced elements that were exciting,
appealing, and yet always true to our soul. We`re still caring,
optimistic, and reliable and now we`re livelier than ever beIore!




NATtONAL FOOS (LT.)
9 | a g e

C0RP0RATF l060
For over 40 years, we`ve been known as the one brand women all over Pakistan count on, but just like
people grow and change, we`re growing too. And now it`s time Ior a change.
Every year we`re growing bigger, brighter, more global, and our NFL spirit oI adventure which has been
the energy behind every new and innovative product is now the encouragement behind our new logo. The
new Pakistani homemaker is Ieisty and vibrant and our new image is helping her Ieel just as we have
generations oI Iood lovers Ieel completely at home.

AwAR0S At0 ACHlFvFHFtTS

O ISO 9001:2008 (Quality Management system)
O ISO 22000:2005 (Food SaIety Management system)
O ISO 17025:2005 (Laboratory Accreditation)
O Halal Foods certiIication
O PSQCA product certiIications Ior all mandatory Iood products which includes Jams & Jellies,
Marmalades, Vinegar, Iodized Salt, Pickles, Red Chilli, Turmeric and Curry Masala
RAt0 AwAR0S
Victory in Brand Elections 2010
The annual Brand Elections are the truest gauge oI which names rule the hearts oI Pakistani consumers.
Brand Elections 2010 were conducted across an electorate oI 10,000 voters in 50 cities oI Pakistan, and
National Foods Limited emerged as the Iirm Iavorite in 5 Iood categories; Recipes; Jams, Jellies, and
Marmalades; Pickles; Spices and Ketchup.
Overall National Foods Limited won 1stplace in Food/Household brands, and were 1st runner up in the
general Elections, competing against a total oI 3500 brands.
Furthermore, an evaluation oI voter proIiles lead to an even prouder achievement as National Foods
Limited emerged as the Iavorite brand oI Iemale voters. With women being the heart oI the Pakistani
household, we are honored to be the brand women trust the most.
1ams, 1ellies, and Marmalades
National Jams, Jellies, and Marmalades are a staple on breakIast tables across Pakistan, pleasing the eye and
appetite with their bright color, good Iruit Ilavor, and uniIorm, soIt consistency that makes them easy to
spread.
National Foods Limited products won the Jams, Jellies, and Marmalades category at the Brand Elections
2010, surpassing Shezan and Mitchell`s, and proved to be the preIerred choice oI women seeking healthy
breakIast and light meal options Ior their Iamilies.

Pickles
Tart, tangy, mouthwatering pickles are a versatile accompaniment to popular Pakistani Ioods regardless oI
time oI day, eaten with just as much relish at breakIast, as with lunch and dinner.
National Pickles are legendary Ior their unique taste that eIIortlessly combines beloved traditions with
modern, hygienic processes, and placed 1st in their category at Brand Elections 2010
Recipes
National Foods Limited pioneered the pre-blended Recipe masalas in the 70s, that let our customers recreate
the subcontinent`s most popular ethnic dishes with excellent results every time.
NATtONAL FOOS (LT.)
10 | a g e

A tried and trusted helper oI homemakers Ior over three decades, National Recipes came in
top oI recipes category in Brand Elections 2010
Spices
Nobody does spices quite like National Foods Limited. Our history marks us as the Iirst company to retail
powdered spices during an era when consumers mistrusted any product that was not Ireshly ground right
beIore their eyes.
More than 30 years later, we`re still the number one choice oI women all around the country. National Foods
Limited spice products came out clear winners oI the designated category during Brand Elections 2010,
winning the title by a mile.
Ketch:p
Ketchup brands vie Ior supremacy in a very tough battleIield. Ketchup is also more severely judged than
other kinds oI Iood, because while it is exceedingly popular among adults, by Iar the largest consumers oI
ketchup are children and children are very hard to please.
We`re proud to say that National Foods Limited has succeeded in meeting Pakistani children`s high ketchup
standards year aIter year. Delivering the perIect balance oI tart and sweet, National Tomato Ketchup stood
1st at the Brand Elections 2010, leaving other competitors Iar behind by tremendous margins.

NATtONAL FOOS (LT.)

11 | a g e

tATl0tAl F000S lT0. (F000 CATF60RlFS)

NATtONAL FOOS (LT.)
12 | a g e


AFIS ENTRIES
Entries and tables Ior purchase, sales, sales return, and purchase return.
Items:
Item I Item II Item III Item IV Item V Item VI Item VII Item VIII
Item id Itm-001 Itm-002 Itm-003 Itm-004 Itm-005 Itm-006 Itm-007 Itm-008
description Pickle Ketchup National
masala
Jam Basmati
rice
Ronaq National salt custard
Item class Nil Nil Nil Nil Nil Nil Nil Nil
Price 100 120 35 80 120 180 40 50
Unit/meas:re One bottle One bottle Packet One bottle Packet Packet Packet Packet
Item type Taste item Taste item Food
ingredient
BreakIast Food item Ready to
cook
Food
ingredient
Desert/
sweet
Location Store room Store room Store room Store room Store room Store room Store room Store room
ost method FIFO FIFO FIFO FIFO FIFO FIFO FIFO FIFO
Last :nit cost 80 95 25 65 100 150 30 35
GL sales
acco:nt
Sale
(income)
Sale
(income)
Sale (income) Sale
(income)
Sale
(income)
Sale
(income)
Sale (income) Sale
(income)
Inventory
acco:nts
Inventory
(inventory)
Inventory
(inventory)
Inventory
(inventory)
Inventory
(inventory)
Inventory
(inventory)
Inventory
(inventory)
Inventory
(inventory)
Inventory
(inventory)
GL OS
acco:nt
Cost oI
sales 001
Cost oI
sales 002
Cost oI sales
003
Cost oI
sales 004
Cost oI
sales 005
Cost oI sales
006
Cost oI sales
007
Cost oI
sales 008
B.balance 1000 2000 4000 1000 800 800 1500 1000

Permanent :stomers:
:stomer I :stomer II :stomer III :stomer IV :stomer V
ID 001 002 003 004 005
NAME QUALITY STORE MACRO AGHA`S NAHEED MOTTAS
ONTAT ALI AHMED SAMEER KHAN SALMAN ALI RASHEED KHAN MOHSIN ALI
ADDRESS DEFENCE-I SADAR CLIFTON TARIQ ROAD BOAT BASIN
OUNTRY PAKISTAN PAKISTAN PAKISTAN PAKISTAN PAKISTAN
USTOMER TYPE W.SALE W.SALE W.SALE W.SALE W.SALE
SALE DEFAULT INFORMATION
SALES REP. R1 R2 R3 R4 R5
GL SALES
AOUNT
SALE (INCOME) SALE (INCOME) SALE (INCOME) SALE (INCOME) SALE (INCOME)
OPEN P.O # QUA-1234 MACRO-9988 AGHA`S-8877 NAH-5678 MOT-7689
NATtONAL FOOS (LT.)
13 | a g e

SHIP VIA COURIER COURIER COURIER COURIER COURIER
NET DUE IN 30 DAYS 30 DAYS 30 DAYS 30 DAYS 30 DAYS
DISOUNT IN 10 10 10 10 10
DISOUNT 5 5 5 5 5
REDIT LIMIT 1000000 1000000 1000000 1000000 1000000

SALES TAX AUTHORITIES AND ODES:
ID ST-01
DESRIPTION SALES TAX
TAX RATE 18
TAX PAYABLE TO FBR (VENDOR 001)
SALES TAX PAYABLE G/L AOUNT SALES TAX PAYABLE ACCOUNT
TAX ODE
SALES TAX ODE 1
DESRIPTION SALES TAX
ID ST-01

EMPLOYEES LIST:
EMPLOYEE
ID
EMPLOYEE
NAME
PAY
TYPE
BASI HOUSE
RENT
MEDIA
L
ONVENIAN
E
TAX
1 MUSTAFA IQBAL SALARY 140000 25 15 8 5
2 ALI AHMED HOURLY 7/HOUR 3
3 KUMAIL HASSAN SALARY 100000 25 5
4 ARSALAN TAHIR SALARY 95000 25 15 8 5
5 SAMEER BAWA HOURLY 8.5/HOUR 3
6 SALMAN ALI SALARY 60000 25 15 8 5
7 REHMAN ALI SALARY 40000 25 15 8 5
8 SAMI AHMED HOURLY 9/HOUR 3
9 SHOAIB ALI SALARY 30000 25 15 8 5
10 ASGHAR KHAN SALARY 25000 25 15 8 5



NATtONAL FOOS (LT.)
14 | a g e

Vendors:
GENERAL
VENDOR ID V-101 V-102 V-103 V-104 I103
NAME ZAFAR AND CO KARIM & SONS ARBAB AND CO COLORS CO. PAMZA u?lnC CCLC8S
CONTACT MR. ZAFAR ALI MR. ABBAS MR. ARBAB MEMON MR. SHUJA ALI M8 PAMZA 8ASPl8
ACCOUNT NO 448455 794798 879789 787880 433433
ADDRESS S.I.T.E. AREA LANDHI MALIR KORANGI CuL8L8C
CITY KARACHI KARACHI LAHORE KARACHI LAPC8L
ZIP 65650 67645 88767 88666 34344
COUNTRY PAKISTAN PAKISTAN PAKISTAN PAKISTAN AklS1An
VENDOR TYPE SUPPLIER SUPPLIER SUPPLIER SUPPLIER SuLlL8
TELEPHONE 37987948 36765677 39898897 33059509 38998899
FAX 8574747 85885595 5958559 75497809 8798797
EMAIL ZAFARCOCYBER.N
ET
KARIMCOTTONGEM.N
ET.PK
ARBABMEMONHOTMAIL
.COM
COLORSYAHOO.
COM
PAMZAu?L8S[?APCC
CCM
WEBSITE WWW.ZAFARCO.CO
M.PK
WWW.KARIMCOTTON.C
OM
WWW.ARBABCOMPANY.C
OM
WWW.COLORS.CO
M.PK
WWWPAMZAu?L8SCC
Mk

PURCHASE ACCOUNT SUPPLY EXPENSES SUPPLY EXPENSES SuL? LxLnSLS SuL? LxLnSLS SuL? LxLnSLS
TAX ID# NONE NONE nCnL nCnL nCnL
SHIP VIA COURIER COURIER COURIER COURIER COURIER
TERMS
NET DUE IN 30 10 20 13 23
DISCOUNT IN 5 5 10 3 13
DISCOUNT 6 10 13 10 13
CREDIT LIMIT 1000000 1000000 430000 730000 2000000
BEGINNING BALANCES
INVOICE # INV-101 INV-202 lnI303 lnI404 lnI303
DATE 31 DEC,2007 31 DEC,2008 31 uLC2009 31 uLC2010 31 uLC2011
PURCHASE ORDER # PO11 PO22 C33 C44 C33
AMOUNT 50000 50000 73000 80000 43000
ACCOUNT PAYABLE
ACCOUNT
ACCOUNTS
PAYABLE
ACCOUNTS PAYABLE ACCCun1S A?A8LL ACCCun1S A?A8LL ACCCun1S A?A8LL



8LGINNING 8ALANCLS
CASP ln PAnu 1000000
CASP A1 8Ank 30000000
ACCCun1S A?A8LL 200000
ACCCun1S 8LClLIA8LL 13000000
ClllCL SuLlLS 30000

NATtONAL FOOS (LT.)
13 | a g e


ENTRIES:
an 1 A Lhe owner of naLlonal foods deposlLed 8s2300000 of personal funds lnLo companys bank accounL
an 6 8s 131300 of Lhe accounLs recelvables are collecLed and Lhe allowances for uncollecLable were wrlLLen off
an 11 1he merchandlse lnvenLory was purchased for $170300 and planL machlnery was sold for $160300
an 20 A refund on Lhe prepald lnsurance was collecLed amounLlng $3000
an 31 urchased land and a small offlce bulldlng for a LoLal prlce of $90000 of whlch $33000 was Lhe value of
land and $33000 was Lhe value of Lhe bulldlng ald $22300 ln cash and remalnlng boughL on credlL
leb 3 8CuCP1 several compuLer sysLems on credlL for 8S83000
leb 13 obLalned a loan from SuMMl1 8Ank ln Lhe amounL of 1300000 and slgned a noLe payable
leb 20 ald Lhe 8s67300 accounL payable owed as of anuary 31
leb 28 8evenues of 8s 3300 were earned and pald ln cash Lxpenses requlred earnlng Lhe revenues of 8s 4000
were lncurred and pald ln cash
Mar 13 urchased on accounL enough offlce supplles for 8s 36000
Mar 22 Acqulred offlce furnlLure from ldeal Company for 8s300 000 Made a cash down paymenL of 8s200000
balance Lo be pald ln 43 days
Mar 23 ald LransporLln charges of 8s30000 And pald Lhe bllls of Lhe monLh of march of 8s73000
Mar 31 8eLurn Lhe supplles purchased on March 13 of 8s 10000
Apr 13 naLlonal loods recelved lLs charLer of lncorporaLlon naLlonal foods were auLhorlzed Lo lssue 2000000
shares of nopar common sLock and 100000 shares of 8s100 par value 1he board of dlrecLors esLabllshed a sLaLed
value of 8s23 per share
Apr 18 naLlonal loods sold 200000 common sLock shares for 8s 6000000
Apr 30 naLlonal loods sold 400000 common sLock shares for 8s22 per share
May 12 naLlonal loods lssued 43000 preferred sLock shares Lo x?Z company for a plece of land 1he land had been
appralsed by several lndependenL appralsers aL an average of 8s 273000
May 28 Sold 20000 preferred sLock shares for 8s120 per share
un 2 SubscrlpLlons Lo 230000 common shares were sold 1he subscrlpLlon prlce of 8s28 per share ls Lo be
recelved as follows oneLhlrd on une 2 oneLhlrd on une 17 and oneLhlrd on une 30 1he oneLhlrd down
paymenL was recelved
un 13 naLlonal loods purchased 230000 common shares from one of lLs lncorporaLors for 8s 30 per share
un 17 1he oneLhlrd lnsLallmenL due on Lhe subscrlbed shares was recelved
un 20 Sold 100000 shares of Lreasury sLock for 8s 33 per share
NATtONAL FOOS (LT.)
16 | a g e

un 23 naLlonal loods recelved 2 acres of land ad[olnlng Lhe clLy dump 1he land whlch had a falr
markeL value of 8s2300000 was glven as donaLlons
un 30 1he flnal lnsLallmenL due on Lhe subscrlbed shares was recelved 1he shares were lssued
ul 2 8enL of 8s90000 was pald ln cash
ul 13 An error commlLLed ln 2008 was dlscovered 1he bookkeeper had deblLed AdverLlslng expense and credlLed
cash for 8s 100000 1he deblL should have been Lo AccounLs payable
ul 23 A 8s 10 per share cash dlvldend was declared 200000 shares of common sLock have been lssued 190000
shares are ouLsLandlng
uly 31 Common sLock holders of record on Lhls daLe wlll recelve Lhe dlvldend
Aug 2 1he board of dlrecLors voLed Lo remove 8s 60000 of approprlaLe reLalned earnlngs and reLurn Lhls amounL
Lo lnapproprlaLe accounL
Aug 13 1he cash dlvldend ls dlsLrlbuLed Lo common sLockholders
Aug 31 Salarles pald Lo employee on accounL of 8s60000 for Lhe monLh of augusL
Sep 1 naLlonal loods lssued 8s 1000000 of 10 13year debenLure bonds for 8s1064000 1he bonds pay
lnLeresL semlannually on SepLember 1 and March 1
Sep 10 A properLy dlvldend was declared naLlonal loods wlll dlsLrlbuLe 2 shares of nA1lCnAL lCCuS L1u for each
share of naLlonal loods sLock owned 200000 shares of naLlonal loods are ouLsLandlng 1he nA1lCnAL lCCuS L1u
cosL naLlonal 8s 20 per share lL ls currenLly worLh 8s 23 per share
Sep 20 Common sLock holders of record on Lhls daLe wlll recelve Lhe dlvldend
Sep 30 1he properLy dlvldend ls payable on Lhls daLe


SALES, PURHASE, SALES RETURN, PURHASE RETURN
Sent a quotation to all permananent customers Ior all items available in the company.
Sold inventory items to mottas oI (qty 50) oI each item.
Mottos returned 40 deIective items (packaging problem) on claim (qty 8)oI each item.
Received Iull payment Irom mottas.
Purchased oIIice computers on cash Ior rs.100000 (make normal general entry)
Returned a deIective computer to the computer solutions (make general entry Ior purchase return)


NATtONAL FOOS (LT.)
17 | a g e


PFACHTRFF ASF0 FltAtClAl
STATFHFtTS
CHART 0F ACC0utTS.
Acco:nt ID Acco:nt Description Active? Acco:nt Type
01 COMMON STOCK Yes Income
02 PLANT AND EQUIPEMNT Yes Fixed Assets
03 CASH Yes Cash
04 DYING COLORS Yes Other Current Assets
05 ACCOUNTS PAYABLE Yes Accounts Payable
06 PREPAID RENT Yes Other Current Assets
07 LAND AND BUILDING Yes Fixed Assets
08 RENT EXPENSE Yes Expenses
09 SUPPLIES EXPENSE Yes Expenses
10 SALARIES EXPENSE Yes Expenses
11 UTILITIES EXPENSE Yes Expenses
12 MAINTANENCE EXPENSE Yes Expenses
13 INCOME TAX EXPENSE Yes Expenses
14 NOTES PAYABLE Yes Long Term Liabilities
15 BANK Yes Cash
16 RAW MATERIAL Yes Other Current Assets
17 SALES Yes Income
18 DISTRIBUTION EXPENSE Yes Expenses
19 ADMINISTRATION EXPENSE Yes Expenses
20 PURCHASES Yes Other Current Assets
21 MISCELLENEOUS EXPENSE Yes Expenses
22 TRANSPORTATION EXPENSE Yes Expenses
23 WAREHOUSING EXPENSE Yes Expenses
24 ADVERTISEMENT EXPENSE Yes Expenses
25 WAGES EXPENSE Yes Expenses
26 TELEPHONE BILLS Yes Expenses
27 OFFICE SUPPLIES Yes Other Current Assets
28 ACCOUNTS RECIEVABLE Yes Accounts Receivable
29 CAPITAL Yes Equity-doesn't close
30 RETAINED EARNINGS Yes Equity-Retained Earnings
31 INVENTORY Yes Inventory
32 SALARIES PAYABLE Yes Other Current Liabilities
33 SALES TAX PAYABLE Yes Other Current Liabilities
34 SALES TAX EXPENSE Yes Expenses
35 PAID IN CAPITAL Yes Equity-doesn't close
36 BANK LOAN Yes Long Term Liabilities
37 SALES DISCOUNT Yes Income
38 FREIGHT IN EXPENSE Yes Expenses
39 COST OF SALES (PICKLE) Yes Cost oI Sales
40 COST OF SALES (KETCHUP) Yes Cost oI Sales
41 COST OF SALES(NATIONAL MASALA) Yes Cost oI Sales
42 COST OF SALES (JAM) Yes Cost oI Sales
43 COST OF SALES (BASMATI RICE) Yes Cost oI Sales
44 COST OF SALES (RONAQ) Yes Cost oI Sales
NATtONAL FOOS (LT.)
18 | a g e

45 COST OF SALES (NATIONAL SALT) Yes Cost oI Sales
46 COST OF SALES (CUSTARD) Yes Cost oI Sales
47 SALES RETURN Yes Income
48 PURCHASE RETURN Yes Expenses
49 PREFERRED STOCK Yes Equity-doesn't close
50 TREASURY STOCK Yes Equity-doesn't close
51 INTEREST EXPESNE Yes Expenses
52 UNAPPROPRIATE RETAINED
EARNING
Yes Equity-doesn't close
53 APPROPRIATE RETAINED EARNING Yes Equity-doesn't close
54 DIVIDENDS PAYABLE Yes Long Term Liabilities
55 INVESTMENT Yes Other Current Assets
56 GAIN TO INCREASE INVESTMENT Yes Income
57 PROPERTY DIVIDEND PAYABLE Yes Long Term Liabilities
58 FURNITURE Yes Fixed Assets
59 OFFICE VEHICLE Yes Fixed Assets
60 INTEREST INCOME Yes Income
61 SERVICES RENDERED Yes Income
62 PURCHASE DISCOUNT Yes Expenses

6FtFRAl J0uRtAl

Date Acco:nt
ID
Reference Trans Description Debit Amt redit Amt
1/1/10 15 investment by the owner 2,500,000.00
1/1/10 29 investment by the owner 2,500,000.00
1/1/10 02 PURCHASE OF OFFICE COMPUTERS 100,000.00
1/1/10 03 PURCHASE OF OFFICE COMPUTERS 100,000.00
1/1/10 03 RETURN OF PURCHASES MADE 100,000.00
1/1/10 02 RETURN OF PURCHASES MADE 100,000.00
1/1/10 03 BEGBAL 1,000,000.00
1/1/10 05 BEGBAL 200,000.00
1/1/10 15 BEGBAL 50,000,000.00
1/1/10 27 BEGBAL 50,000.00
1/1/10 28 BEGBAL 13,000,000.00
1/1/10 30 BEGBAL 63,850,000.00
1/1/10 30 BEGBAL
1/6/10 03 ACCOUNTS RECEIVABLE COLLECTED 151,500.00
1/6/10 28 ACCOUNTS RECEIVABLE COLLECTED 151,500.00
1/11/10 31 PURCHASE OF MERCHANDISE INVENTORY 170,500.00
1/11/10 20 PURCHASE OF MERCHANDISE INVENTORY 170,500.00
1/11/10 17 SALE OF PLANT AND EQUIPEMENT 160,500.00
1/11/10 02 SALE OF PLANT AND EQUIPEMENT 160,500.00
1/20/10 03 REFUND ON PREPAID INSURANCE 5,000.00
1/20/10 05 REFUND ON PREPAID INSURANCE 5,000.00
1/31/10 07 PURCHASE OF LAND AND SMALL OFFICE
BUILDING
90,000.00
1/31/10 03 PURCHASE OF LAND AND SMALL OFFICE BUILDING 22,500.00
1/31/10 05 PURCHASE OF LAND AND SMALL OFFICE BUILDING 67,500.00
NATtONAL FOOS (LT.)
19 | a g e

2/5/10 02 BOUGHT COMPUTERS 85,000.00
2/5/10 05 BOUGHT COMPUTERS 85,000.00
2/15/10 03 OBTAINED A LOAN FROM SUMMIT BANK 1,500,000.00
2/15/10 14 OBTAINED A LOAN FROM SUMMIT BANK 1,500,000.00
2/20/10 05 PAID ACCOUNTS PAYABLE OWNED AS OF JAN 31 67,500.00
2/20/10 03 PAID ACCOUNTS PAYABLE OWNED AS OF JAN 31 67,500.00
2/28/10 03 REVENUES PAIN IN CASH 5,500.00
2/28/10 17 REVENUES PAIN IN CASH 5,500.00
2/28/10 21 MISC EXPENSES PAID IN CASH 4,000.00
2/28/10 03 MISC EXPENSES PAID IN CASH 4,000.00
3/15/10 27 PURCHASED SUPPLIES ON ACCOUNT 56,000.00
3/15/10 05 PURCHASED SUPPLIES ON ACCOUNT 56,000.00
3/22/10 02 ACQUIRED OFFICE FURNITURE HALF ON CASH
AND HALF ON CREDIT
500,000.00
3/22/10 03 ACQUIRED OFFICE FURNITURE HALF ON CASH AND HALF ON
CREDIT
200,000.00
3/22/10 05 ACQUIRED OFFICE FURNITURE HALF ON CASH AND HALF ON
CREDIT
300,000.00
3/25/10 22 PAID FOR TRANSPORT IN CHARGES AND
TELEPHONE BILLS
50,000.00
3/25/10 26 PAID FOR TRANSPORT IN CHARGES AND
TELEPHONE BILLS
75,000.00
3/25/10 03 PAID FOR TRANSPORT IN CHARGES AND TELEPHONE BILLS 125,000.00
3/31/10 05 RETURNED THE SUPPLIES PURCHASED 10,000.00
3/31/10 48 RETURNED THE SUPPLIES PURCHASED 10,000.00
4/15/10 03 ISSUANCE OF COMMON STOCK 50,000,000.00
4/15/10 01 ISSUANCE OF COMMON STOCK 50,000,000.00
4/15/10 03 ISSUANCE OF COMMON STOCK IN EXCESS OF
PAR
17,500,000.00
4/15/10 01 ISSUANCE OF COMMON STOCK IN EXCESS OF PAR 2,500,000.00
4/15/10 35 ISSUANCE OF COMMON STOCK IN EXCESS OF PAR 15,000,000.00
4/18/10 03 SOLD COMMON STOCK 6,000,000.00
4/18/10 01 SOLD COMMON STOCK 6,000,000.00
4/30/10 03 ISSUANCE OF COMMON STOCK 8,800,000.00
4/30/10 01 ISSUANCE OF COMMON STOCK 8,800,000.00
5/12/10 07 PURCHASE OF LAND AGAINST PREFERRED
STOCK
275,000.00
5/12/10 49 PURCHASE OF LAND AGAINST PREFERRED STOCK 275,000.00
5/28/10 03 ISSUANCE OF PREFERRED STOCK 2,400,000.00
5/28/10 49 ISSUANCE OF PREFERRED STOCK 2,400,000.00
6/2/10 03 SUBSCRIPTIONS TO COMMON STOCK 2,333,333.50
6/2/10 28 SUBSCRIPTIONS TO COMMON STOCK 4,666,666.50
6/2/10 01 SUBSCRIPTIONS TO COMMON STOCK 7,000,000.00
6/15/10 01 PURCHASE OF COMMON SHARES 7,500,000.00
6/15/10 03 PURCHASE OF COMMON SHARES 7,500,000.00
6/17/10 03 ONE-THIRD OF INSTALLMENT DUE IS WAS
RECEIVED
2,333,333.00
6/17/10 28 ONE-THIRD OF INSTALLMENT DUE IS WAS RECIEVED 2,333,333.00
6/20/10 03 ISSUED TREASURY STOCK 3,500,000.00
6/20/10 50 ISSUED TREASURY STOCK 3,500,000.00
6/30/10 03 FINAL INSTALLMENT DUE WAS RECIEVED 2,333,333.00
6/30/10 28 FINAL INSTALLMENT DUE WAS RECIEVED 2,333,333.00
7/2/10 08 PAID RENT EXPENSE 90,000.00
7/2/10 03 PAID RENT EXPENSE 90,000.00
7/15/10 05 ADJUSTMENT OF ADVERTISING EXPENSE 100,000.00
7/15/10 24 ADJUSTMENT OF ADVERTISING EXPENSE 100,000.00
NATtONAL FOOS (LT.)
20 | a g e

7/23/10 03 CASH DIVIDEND ISSUED 2,000,000.00
7/23/10 01 CASH DIVIDEND ISSUED 100,000.00
7/23/10 35 CASH DIVIDEND ISSUED 1,900,000.00
8/2/10 52 REMOVE APPROPRIATE R.E TO UNAPPROPRIATE
R.E
60,000.00
8/2/10 53 REMOVE APPROPRIATE R.E TO UNAPPROPRIATE R.E 60,000.00
8/15/10 54 CASH DIVIDEND DISTRIBUTED 2,000,000.00
8/15/10 03 CASH DIVIDEND DISTRIBUTED 2,000,000.00
8/31/10 10 SALARIES PAID TO EMPLOYEES FOR THE MONTH
OF AUGUST
60,000.00
8/31/10 03 SALARIES PAID TO EMPLOYEES FOR THE MONTH OF AUGUST 60,000.00
9/1/10 03 DEBENTURES BONDS ISSUED 1,064,000.00
9/1/10 01 DEBENTURES BONDS ISSUED 1,064,000.00
9/1/10 51 DEBENTURES BONDS ISSUED 106,400.00
9/1/10 03 DEBENTURES BONDS ISSUED 106,400.00
9/1/10 15 ADDITIONAL INVESTMENT BY THE OWNER 7,000,000.00
9/1/10 29 ADDITIONAL INVESTMENT BY THE OWNER 7,000,000.00
9/1/10 07 PURCHASED BUILDING 1,000,000.00
9/1/10 58 PURCHASED FURNITURE 800,000.00
9/1/10 15 PURCHASED FURNITURE 1,800,000.00
9/1/10 27 PURCHASED OFFICE SUPPLIES 500,000.00
9/1/10 14 PURCHASED OFFICE SUPPLIES 500,000.00
9/1/10 10 PAID SALARIES 1,500,000.00
9/1/10 15 PAID SALARIES 1,500,000.00
9/10/10 55 INVESTMENT IN PROPERTY DIVIDEND 1,000,000.00
9/10/10 56 INVESTMENT IN PROPERTY DIVIDEND 1,000,000.00
9/10/10 52 INVESTMENT IN PROPERTY DIVIDEND 5,000,000.00
9/10/10 57 INVESTMENT IN PROPERTY DIVIDEND 5,000,000.00
9/30/10 57 PROPERTY DIVIDEND IS PAYABLE 5,000,000.00
9/30/10 55 PROPERTY DIVIDEND IS PAYABLE 5,000,000.00
10/1/10 11 PAID UTILITIES EXPENSE 1,000,000.00
10/1/10 15 PAID UTILITIES EXPENSE 1,000,000.00
10/1/10 10 PAID SALARIES 1,500,000.00
10/1/10 15 PAID SALARIES 1,500,000.00
10/1/10 15 A/R 1,000,000.00
10/1/10 28 A/R 1,000,000.00
10/1/10 59 PURCHASED A VEHICLE FOR OFFICE USE 1,000,000.00
10/1/10 15 PURCHASED A VEHICLE FOR OFFICE USE 1,000,000.00
11/1/10 03 A/R 2,000,000.00
11/1/10 60 A/R 70,000.00
11/1/10 28 A/R 2,070,000.00
11/1/10 03 RECIEVED CASH FOR SERVICES RENDERED 6,000,000.00
11/1/10 61 RECIEVED CASH FOR SERVICES RENDERED 6,000,000.00
11/1/10 15 RECIEVED A/R 1,000,000.00
11/1/10 28 RECIEVED A/R 1,000,000.00
12/1/10 10 PAID SALARIES 1,500,000.00
12/1/10 15 PAID SALARIES 1,500,000.00
12/1/10 12 REPAIR AND MAINT: EXP 80,000.00
12/1/10 03 REPAIR AND MAINT: EXP 80,000.00
12/1/10 06 PAID RENT FOR SIX MONTHS 2,500,000.00
12/1/10 03 PAID RENT FOR SIX MONTHS 2,500,000.00
12/1/10 09 SUPPLIES EXP 100,000.00
12/1/10 27 SUPPLIES EXP 100,000.00
NATtONAL FOOS (LT.)
21 | a g e


Total 222,352,566.00 222,352,566.00

NATtONAL FOOS (LT.)
22 | a g e

6FtFRAl lF06FR

Account D Account Description Date Refer
ence
Jrn
I
Trans Description Debit
Amt
Credit
Amt
BaIance
01 ST 12/1/
10
Beginning Balance -
67,964,0
00.00
12/3
1/10
Ending BaIance -
67,964,0
00.00
02 PLAT AD
EQUPET
12/1/
10
Beginning Balance 424,500.
00
12/3
1/10
Ending BaIance 424,500.
00
03 ASH 12/1/
10
Beginning Balance 98,750,5
99.50
03 ASH 12/1/
10
GE

REPAR AD AT: EXP 80,000.0
0

03 ASH 12/1/
10
GE

PAD RET FR SX THS 2,500,00
0.00

dsIkm03 ASH urrent Period ange 2,580,00
0.00
-
2,580,00
0.00
12/3
1/10
Ending BaIance 96,170,5
99.50
05 AUTS
PAYABLE
12/1/
10
Beginning Balance -
286,000.
00
12/3
1/10
Ending BaIance -
286,000.
00
06 PREPAD RET 12/1/
10
Beginning Balance
06 PREPAD RET 12/1/
10
GE

PAD RET FR SX
THS
2,500,00
0.00

06 PREPAD RET urrent Period ange 2,500,00
0.00
2,500,00
0.00
12/3
1/10
Ending BaIance 2,500,00
0.00
07 LAD AD BULDG 12/1/
10
Beginning Balance 1,365,00
0.00
12/3
1/10
Ending BaIance 1,365,00
0.00
08 RET EXPESE 12/1/
10
Beginning Balance 90,000.0
0
12/3
1/10
Ending BaIance 90,000.0
0
09 SUPPLES EXPESE 12/1/
10
Beginning Balance
09 SUPPLES EXPESE 12/1/
10
GE

SUPPLES EXP 100,000.
00

09 SUPPLES EXPESE urrent Period ange 100,000.
00
100,000.
00
12/3
1/10
Ending BaIance 100,000.
00
10 SALARES EXPESE 12/1/
10
Beginning Balance 3,060,00
0.00
10 SALARES EXPESE 12/1/
10
GE

PAD SALARES 1,500,00
0.00

10 SALARES EXPESE urrent Period ange 1,500,00
0.00
1,500,00
0.00
12/3
1/10
Ending BaIance 4,560,00
0.00
11 UTLTES EXPESE 12/1/
10
Beginning Balance 1,000,00
0.00
12/3
1/10
Ending BaIance 1,000,00
0.00
12 ATAEE 12/1/ Beginning Balance
NATtONAL FOOS (LT.)
23 | a g e

EXPESE 10
12 ATAEE
EXPESE
12/1/
10
GE

REPAR AD AT: EXP 80,000.0
0

12 ATAEE EXPESE urrent Period ange 80,000.0
0
80,000.0
0
12/3
1/10
Ending BaIance 80,000.0
0
14 TES PAYABLE 12/1/
10
Beginning Balance -
2,000,00
0.00
12/3
1/10
Ending BaIance -
2,000,00
0.00
15 BA 12/1/
10
Beginning Balance 54,820,6
25.16
15 BA 12/1/
10
GE

PAD SALARES 1,500,00
0.00

15 BA 12/2
2/10
19 R

AHEED 97,416.0
8

15 BA urrent Period ange 97,416.0
8
1,500,00
0.00
-
1,402,58
3.92
12/3
1/10
Ending BaIance 53,418,0
41.24
17 SALES 12/1/
10
Beginning Balance -
287,000.
00
17 SALES 12/1/
10
06 S AHEED - tem: T-004 - A 8,000.00
17 SALES 12/1/
10
06 S AHEED - tem: T-003 - ATAL
ASALA
17,500.0
0

17 SALES 12/1/
10
06 S AHEED - tem: T-001 - PLE 10,000.0
0

17 SALES 12/1/
10
06 S AHEED - tem: T-008 - USTARD 7,500.00
17 SALES 12/1/
10
06 S AHEED - tem: T-005 - BASAT
RE
6,000.00
17 SALES 12/1/
10
06 S AHEED - tem: T-007 - ATAL
SALT
4,000.00
17 SALES 12/1/
10
06 S AHEED - tem: T-007 - ATAL
SALT
4,000.00
17 SALES 12/1/
10
06 S AHEED - tem: T-006 - RAQ 9,000.00
17 SALES 12/1/
10
06 S AHEED - tem: T-002 - ETHUP 18,000.0
0

17 SALES urrent Period ange 84,000.0
0
-
84,000.0
0
12/3
1/10
Ending BaIance -
371,000.
00
20 PURHASES 12/1/
10
Beginning Balance -
170,500.
00
12/3
1/10
Ending BaIance -
170,500.
00
21 SELLEEUS
EXPESE
12/1/
10
Beginning Balance 4,000.00
12/3
1/10
Ending BaIance 4,000.00
22 TRASPRTAT
EXPESE
12/1/
10
Beginning Balance 50,000.0
0
12/3
1/10
Ending BaIance 50,000.0
0
24 ADVERTSEET
EXPESE
12/1/
10
Beginning Balance -
100,000.
00
12/3 Ending BaIance -
NATtONAL FOOS (LT.)
24 | a g e

1/10 100,000.
00
26 TELEPHE BLLS 12/1/
10
Beginning Balance 75,000.0
0
12/3
1/10
Ending BaIance 75,000.0
0
27 FFE SUPPLES 12/1/
10
Beginning Balance 606,000.
00
27 FFE SUPPLES 12/1/
10
GE

SUPPLES EXP 100,000.
00

27 FFE SUPPLES urrent Period ange 100,000.
00
-
100,000.
00
12/3
1/10
Ending BaIance 506,000.
00
28 AUTS
REEVABLE
12/1/
10
Beginning Balance 8,778,50
0.50
28 AUTS
REEVABLE
12/1/
10
06 S AHEED 104,968.
08

28 AUTS
REEVABLE
12/1/
10
08 S AHEED 7,552.00
28 AUTS
REEVABLE
12/2
2/10
19 R

AHEED - nvoice: 06 97,416.0
8

28 AUTS REEVABLE urrent Period ange 104,968.
08
104,968.
08

12/3
1/10
Ending BaIance 8,778,50
0.50
29 APTAL 12/1/
10
Beginning Balance -
9,500,00
0.00
12/3
1/10
Ending BaIance -
9,500,00
0.00
30 RETAED
EARGS
12/1/
10
Beginning Balance -
63,850,0
00.00
12/3
1/10
Ending BaIance -
63,850,0
00.00
31 VETRY 12/1/
10
Beginning Balance -
2,450.00
31 VETRY 12/1/
10
06
GS
AHEED - tem: T-007 - ATAL
SALT
3,000.00
31 VETRY 12/1/
10
06
GS
AHEED - tem: T-007 - ATAL
SALT
3,000.00
31 VETRY 12/1/
10
06
GS
AHEED - tem: T-004 - A 6,500.00
31 VETRY 12/1/
10
06
GS
AHEED - tem: T-001 - PLE 8,000.00
31 VETRY 12/1/
10
06
GS
AHEED - tem: T-002 - ETHUP 14,250.0
0

31 VETRY 12/1/
10
06
GS
AHEED - tem: T-006 - RAQ 7,500.00
31 VETRY 12/1/
10
06
GS
AHEED - tem: T-003 - ATAL
ASALA
12,500.0
0

31 VETRY 12/1/
10
06
GS
AHEED - tem: T-005 - BASAT
RE
5,000.00
31 VETRY 12/1/
10
06
GS
AHEED - tem: T-008 - USTARD 5,250.00
31 VETRY 12/1/
10
08
GS
AHEED - tem: T-003 -
ATAL ASALA
250.00
31 VETRY 12/1/
10
08
GS
AHEED - tem: T-005 -
BASAT RE
500.00
31 VETRY 12/1/
10
08
GS
AHEED - tem: T-002 -
ETHUP
950.00
31 VETRY 12/1/
10
08
GS
AHEED - tem: T-007 -
ATAL SALT
300.00
31 VETRY 12/1/
10
08
GS
AHEED - tem: T-008 -
USTARD
525.00
NATtONAL FOOS (LT.)
23 | a g e

31 VETRY 12/1/
10
08
GS
AHEED - tem: T-004 -
A
650.00
31 VETRY 12/1/
10
08
GS
AHEED - tem: T-001 -
PLE
800.00
31 VETRY 12/1/
10
08
GS
AHEED - tem: T-007 -
ATAL SALT
300.00
31 VETRY 12/1/
10
08
GS
AHEED - tem: T-006 -
RAQ
750.00
31 VETRY urrent Period ange 5,025.00 65,000.0
0
-
59,975.0
0
12/3
1/10
Ending BaIance -
62,425.0
0
33 SALES TAX PAYABLE 12/1/
10
Beginning Balance -
79,710.6
6
33 SALES TAX PAYABLE 12/1/
10
06 S AHEED - SALES TAX 16,012.0
8

33 SALES TAX PAYABLE 12/1/
10
08 S AHEED - SALES TAX 1,152.00
33 SALES TAX PAYABLE urrent Period ange 1,152.00 16,012.0
8
-
14,860.0
8
12/3
1/10
Ending BaIance -
94,570.7
4
35 PAD APTAL 12/1/
10
Beginning Balance -
16,900,0
00.00
12/3
1/10
Ending BaIance -
16,900,0
00.00
37 SALES DSUT 12/1/
10
Beginning Balance 18,722.5
0
12/3
1/10
Ending BaIance 18,722.5
0
38 FREGHT
EXPESE
12/1/
10
Beginning Balance -
26,137.0
0
38 FREGHT
EXPESE
12/1/
10
06 S AHEED - Freigt Amount 4,956.00
38 FREGHT
EXPESE
urrent Period ange 4,956.00 -
4,956.00
12/3
1/10
Ending BaIance -
31,093.0
0
39 ST F SALES
(PLE)
12/1/
10
Beginning Balance 52,000.0
0
39 ST F SALES
(PLE)
12/1/
10
06
GS
AHEED - tem: T-001 -
PLE
8,000.00
39 ST F SALES
(PLE)
12/1/
10
08
GS
AHEED - tem: T-001 - PLE 800.00
39 ST F SALES (PLE) urrent Period ange 8,000.00 800.00 7,200.00
12/3
1/10
Ending BaIance 59,200.0
0
40 ST F SALES
(ETHUP)
12/1/
10
Beginning Balance 117,800.
00
40 ST F SALES
(ETHUP)
12/1/
10
06
GS
AHEED - tem: T-002 -
ETHUP
14,250.0
0

40 ST F SALES
(ETHUP)
12/1/
10
08
GS
AHEED - tem: T-002 - ETHUP 950.00
40 ST F SALES (ETHUP) urrent Period ange 14,250.0
0
950.00 13,300.0
0
12/3
1/10
Ending BaIance 131,100.
00
41 ST F
SALES(ATAL
ASALA)
12/1/
10
Beginning Balance 48,500.0
0
NATtONAL FOOS (LT.)
26 | a g e

41 ST F
SALES(ATAL
ASALA)
12/1/
10
06
GS
AHEED - tem: T-003 -
ATAL ASALA
12,500.0
0

41 ST F
SALES(ATAL
ASALA)
12/1/
10
08
GS
AHEED - tem: T-003 - ATAL
ASALA
250.00
41 ST F SALES(ATAL
ASALA)
urrent Period ange 12,500.0
0
250.00 12,250.0
0
12/3
1/10
Ending BaIance 60,750.0
0
42 ST F SALES
(A)
12/1/
10
Beginning Balance 41,600.0
0
42 ST F SALES
(A)
12/1/
10
06
GS
AHEED - tem: T-004 -
A
6,500.00
42 ST F SALES
(A)
12/1/
10
08
GS
AHEED - tem: T-004 - A 650.00
42 ST F SALES
(A)
urrent Period ange 6,500.00 650.00 5,850.00
12/3
1/10
Ending BaIance 47,450.0
0
43 ST F SALES
(BASAT RE)
12/1/
10
Beginning Balance 15,500.0
0
43 ST F SALES
(BASAT RE)
12/1/
10
06
GS
AHEED - tem: T-005 -
BASAT RE
5,000.00
43 ST F SALES
(BASAT RE)
12/1/
10
08
GS
AHEED - tem: T-005 - BASAT
RE
500.00
43 ST F SALES (BASAT
RE)
urrent Period ange 5,000.00 500.00 4,500.00
12/3
1/10
Ending BaIance 20,000.0
0
44 ST F SALES
(RAQ)
12/1/
10
Beginning Balance 33,750.0
0
44 ST F SALES
(RAQ)
12/1/
10
06
GS
AHEED - tem: T-006 -
RAQ
7,500.00
44 ST F SALES
(RAQ)
12/1/
10
08
GS
AHEED - tem: T-006 - RAQ 750.00
44 ST F SALES (RAQ) urrent Period ange 7,500.00 750.00 6,750.00
12/3
1/10
Ending BaIance 40,500.0
0
45 ST F SALES
(ATAL SALT)
12/1/
10
Beginning Balance 11,400.0
0
45 ST F SALES
(ATAL SALT)
12/1/
10
06
GS
AHEED - tem: T-007 -
ATAL SALT
3,000.00
45 ST F SALES
(ATAL SALT)
12/1/
10
06
GS
AHEED - tem: T-007 -
ATAL SALT
3,000.00
45 ST F SALES
(ATAL SALT)
12/1/
10
08
GS
AHEED - tem: T-007 - ATAL
SALT
300.00
45 ST F SALES
(ATAL SALT)
12/1/
10
08
GS
AHEED - tem: T-007 - ATAL
SALT
300.00
45 ST F SALES (ATAL
SALT)
urrent Period ange 6,000.00 600.00 5,400.00
12/3
1/10
Ending BaIance 16,800.0
0
46 ST F SALES
(USTARD)
12/1/
10
Beginning Balance 6,650.00
46 ST F SALES
(USTARD)
12/1/
10
06
GS
AHEED - tem: T-008 -
USTARD
5,250.00
46 ST F SALES
(USTARD)
12/1/
10
08
GS
AHEED - tem: T-008 - USTARD 525.00
46 ST F SALES (USTARD) urrent Period ange 5,250.00 525.00 4,725.00
12/3
1/10
Ending BaIance 11,375.0
0
47 SALES RETUR 12/1/
10
Beginning Balance 25,300.0
0
47 SALES RETUR 12/1/
10
08 S AHEED - tem: T-007 -
ATAL SALT
400.00
47 SALES RETUR 12/1/
10
08 S AHEED - tem: T-001 -
PLE
1,000.00
47 SALES RETUR 12/1/ 08 S AHEED - tem: T-007 - 400.00
NATtONAL FOOS (LT.)
27 | a g e

10 ATAL SALT
47 SALES RETUR 12/1/
10
08 S AHEED - tem: T-004 -
A
800.00
47 SALES RETUR 12/1/
10
08 S AHEED - tem: T-006 -
RAQ
900.00
47 SALES RETUR 12/1/
10
08 S AHEED - tem: T-002 -
ETHUP
1,200.00
47 SALES RETUR 12/1/
10
08 S AHEED - tem: T-008 -
USTARD
750.00
47 SALES RETUR 12/1/
10
08 S AHEED - tem: T-003 -
ATAL ASALA
350.00
47 SALES RETUR 12/1/
10
08 S AHEED - tem: T-005 -
BASAT RE
600.00
47 SALES RETUR urrent Period ange 6,400.00 6,400.00
12/3
1/10
Ending BaIance 31,700.0
0
48 PURHASE RETUR 12/1/
10
Beginning Balance -
10,000.0
0
12/3
1/10
Ending BaIance -
10,000.0
0
49 PREFERRED ST 12/1/
10
Beginning Balance -
2,675,00
0.00
12/3
1/10
Ending BaIance -
2,675,00
0.00
50 TREASURY ST 12/1/
10
Beginning Balance -
3,500,00
0.00
12/3
1/10
Ending BaIance -
3,500,00
0.00
51 TEREST EXPESE 12/1/
10
Beginning Balance 106,400.
00
12/3
1/10
Ending BaIance 106,400.
00
52 UAPPRPRATE
RETAED EARG
12/1/
10
Beginning Balance 5,060,00
0.00
12/3
1/10
Ending BaIance 5,060,00
0.00
53 APPRPRATE
RETAED EARG
12/1/
10
Beginning Balance -
60,000.0
0
12/3
1/10
Ending BaIance -
60,000.0
0
54 DVDEDS PAYABLE 12/1/
10
Beginning Balance 2,000,00
0.00
12/3
1/10
Ending BaIance 2,000,00
0.00
55 VESTET 12/1/
10
Beginning Balance -
4,000,00
0.00
12/3
1/10
Ending BaIance -
4,000,00
0.00
56 GA T REASE
VESTET
12/1/
10
Beginning Balance -
1,000,00
0.00
12/3
1/10
Ending BaIance -
1,000,00
0.00
58 FURTURE 12/1/
10
Beginning Balance 800,000.
00
12/3
1/10
Ending BaIance 800,000.
00
59 FFE VEHLE 12/1/ Beginning Balance 1,000,00
NATtONAL FOOS (LT.)
28 | a g e


TRlAl AlAtCF
Account ID Account Description Debit Amt Credit Amt
01 ST 67,964,000.00
02 PLAT AD EQUPET 424,500.00
03 ASH 96,170,599.50
05 AUTS PAYABLE 286,000.00
06 PREPAD RET 2,500,000.00
07 LAD AD BULDG 1,365,000.00
08 RET EXPESE 90,000.00
09 SUPPLES EXPESE 100,000.00
10 SALARES EXPESE 4,560,000.00
11 UTLTES EXPESE 1,000,000.00
12 ATAEE EXPESE 80,000.00
14 TES PAYABLE 2,000,000.00
15 BA 53,418,041.24
17 SALES 371,000.00
20 PURHASES 170,500.00
21 SELLEEUS EXPESE 4,000.00
22 TRASPRTAT EXPESE 50,000.00
24 ADVERTSEET EXPESE 100,000.00
26 TELEPHE BLLS 75,000.00
27 FFE SUPPLES 506,000.00
28 AUTS REEVABLE 8,778,500.50
29 APTAL 9,500,000.00
30 RETAED EARGS 63,850,000.00
31 VETRY 62,425.00
33 SALES TAX PAYABLE 94,570.74
35 PAD APTAL 16,900,000.00
37 SALES DSUT 18,722.50
38 FREGHT EXPESE 31,093.00
39 ST F SALES (PLE) 59,200.00
40 ST F SALES (ETHUP) 131,100.00
41 ST F SALES(ATAL
ASALA)
60,750.00
42 ST F SALES (A) 47,450.00
43 ST F SALES (BASAT RE) 20,000.00
44 ST F SALES (RAQ) 40,500.00
45 ST F SALES (ATAL SALT) 16,800.00
10 0.00
12/3
1/10
Ending BaIance 1,000,00
0.00
60 TEREST E 12/1/
10
Beginning Balance 70,000.0
0
12/3
1/10
Ending BaIance 70,000.0
0
61 SERVES
REDERED
12/1/
10
Beginning Balance -
6,000,00
0.00
12/3
1/10
Ending BaIance -
6,000,00
0.00
62 PURHASE
DSUT
12/1/
10
Beginning Balance -
21,050.0
0
12/3
1/10
Ending BaIance -
21,050.0
0
NATtONAL FOOS (LT.)
29 | a g e

46 ST F SALES (USTARD) 11,375.00
47 SALES RETUR 31,700.00
48 PURHASE RETUR 10,000.00
49 PREFERRED ST 2,675,000.00
50 TREASURY ST 3,500,000.00
51 TEREST EXPESE 106,400.00
52 UAPPRPRATE RETAED
EARG
5,060,000.00
53 APPRPRATE RETAED EARG 60,000.00
54 DVDEDS PAYABLE 2,000,000.00
55 VESTET 4,000,000.00
56 GA T REASE VESTET 1,000,000.00
58 FURTURE 800,000.00
59 FFE VEHLE 1,000,000.00
60 TEREST E 70,000.00
61 SERVES REDERED 6,000,000.00
62 PURHASE DSUT 21,050.00

TotaI: 178,595,638.74 178,595,638.74


ltC0HF STATFHFtT

:rrent Month Year to Date
Reven:es
OMMON STOK 0.00 0.00 67,964,000.00 937.36
SALES 84,000.00 108.25 371,000.00 5.12
SALES DISOUNT 0.00 0.00 (18,722.50) (0.26)
SALES RETURN (6,400.00) (8.25) (31,700.00) (0.44)
GAIN TO INREASE INVESTMENT 0.00 0.00 1,000,000.00 13.79
INTEREST INOME 0.00 0.00 (70,000.00) (0.97)
SERVIES RENDERED 0.00 0.00 6,000,000.00 82.75

Total Reven:es 77,600.00 100.00 75,214,577.50 1,037.36


ost of Sales
OST OF SALES (PIKLE) 7,200.00 9.28 59,200.00 0.82
OST OF SALES (KETHUP) 13,300.00 17.14 131,100.00 1.81
OST OF SALES(NATIONAL MASALA) 12,250.00 15.79 60,750.00 0.84
OST OF SALES (1AM) 5,850.00 7.54 47,450.00 0.65
OST OF SALES (BASMATI RIE) 4,500.00 5.80 20,000.00 0.28
OST OF SALES (RONAQ) 6,750.00 8.70 40,500.00 0.56
OST OF SALES (NATIONAL SALT) 5,400.00 6.96 16,800.00 0.23
OST OF SALES (USTARD) 4,725.00 6.09 11,375.00 0.16

Total ost of Sales 59,975.00 77.29 387,175.00 5.34

Gross Profit 17,625.00 22.71 74,827,402.50 1,032.02
NATtONAL FOOS (LT.)
30 | a g e


Expenses
RENT EXPENSE 0.00 0.00 90,000.00 1.24
SUPPLIES EXPENSE 100,000.00 128.87 100,000.00 1.38
SALARIES EXPENSE 1,500,000.00 1,932.99 4,560,000.00 62.89
UTILITIES EXPENSE 0.00 0.00 1,000,000.00 13.79
MAINTANENE EXPENSE 80,000.00 103.09 80,000.00 1.10
INOME TAX EXPENSE 0.00 0.00 0.00 0.00
DISTRIBUTION EXPENSE 0.00 0.00 0.00 0.00
ADMINISTRATION EXPENSE 0.00 0.00 0.00 0.00
MISELLENEOUS EXPENSE 0.00 0.00 4,000.00 0.06
TRANSPORTATION EXPENSE 0.00 0.00 50,000.00 0.69
WAREHOUSING EXPENSE 0.00 0.00 0.00 0.00
ADVERTISEMENT EXPENSE 0.00 0.00 (100,000.00) (1.38)
WAGES EXPENSE 0.00 0.00 0.00 0.00
TELEPHONE BILLS 0.00 0.00 75,000.00 1.03
SALES TAX EXPENSE 0.00 0.00 0.00 0.00
FREIGHT IN EXPENSE (4,956.00) (6.39) (31,093.00) (0.43)
PURHASE RETURN 0.00 0.00 (10,000.00) (0.14)
INTEREST EXPESNE 0.00 0.00 106,400.00 1.47
PURHASE DISOUNT 0.00 0.00 (21,050.00) (0.29)

Total Expenses 1,675,044.00 2,158.56 5,903,257.00 81.42

Net Income (1,657,419.00) (2,135.85) 68,924,145.50 950.60

AlAtCF SHFFT

ASSETS

:rrent Assets
ASH 96,170,599.50
PREPAID RENT 2,500,000.00
BANK 53,418,041.24
PURHASES (170,500.00)
OFFIE SUPPLIES 506,000.00
AOUNTS REIEVABLE 8,778,500.50
INVENTORY (62,425.00)
INVESTMENT (4,000,000.00)

Total :rrent Assets ########

Property and Eq:ipment
PLANT AND EQUIPEMNT 424,500.00
LAND AND BUILDING 1,365,000.00
FURNITURE 800,000.00
OFFIE VEHILE 1,000,000.00

Total Property and Eq:ipment ########
NATtONAL FOOS (LT.)
31 | a g e


Other Assets

Total Other Assets 0.00

Total Assets ########



LIABILITIES AND APITAL

:rrent Liabilities
AOUNTS PAYABLE 286,000.00
SALES TAX PAYABLE 94,570.74

Total :rrent Liabilities 380,570.74

Long-Term Liabilities
NOTES PAYABLE 2,000,000.00
DIVIDENDS PAYABLE (2,000,000.00)

Total Long-Term Liabilities 0.00

Total Liabilities 380,570.74

apital
APITAL 9,500,000.00
RETAINED EARNINGS 63,850,000.00
PAID IN APITAL 16,900,000.00
PREFERRED STOK 2,675,000.00
TREASURY STOK 3,500,000.00
UNAPPROPRIATE RETAINED EARNING (5,060,000.00)
APPROPRIATE RETAINED EARNING 60,000.00
Net Income 68,924,145.50

Total apital ########

Total Liabilities & apital ########







NATtONAL FOOS (LT.)
32 | a g e


CASH Fl0w STATFHFtT.

:rrent Month Year to Date

ash Flows from operating activities
Net Income (1,657,419.00) 68,924,145.50
Adj:stments to reconcile net
income to net cash provided
by operating activities
DYING OLORS 0.00 0.00
PREPAID RENT (2,500,000.00) (2,500,000.00)
RAW MATERIAL 0.00 0.00
PURHASES 0.00 170,500.00
OFFIE SUPPLIES 100,000.00 (506,000.00)
AOUNTS REIEVABLE 0.00 (8,778,500.50)
INVENTORY 59,975.00 62,425.00
INVESTMENT 0.00 4,000,000.00
AOUNTS PAYABLE 0.00 286,000.00
SALARIES PAYABLE 0.00 0.00
SALES TAX PAYABLE 14,860.08 94,570.74

Total Adj:stments (2,325,164.92) (7,171,004.76)

Net ash provided by Operations (3,982,583.92) 61,753,140.74


ash Flows from investing activities
Used For
PLANT AND EQUIPEMNT 0.00 (685,000.00)
LAND AND BUILDING 0.00 (1,365,000.00)
FURNITURE 0.00 (800,000.00)
OFFIE VEHILE 0.00 (1,000,000.00)

Net cash :sed in investing 0.00 (3,850,000.00)


ash Flows from financing activities
Proceeds From
NOTES PAYABLE 0.00 2,000,000.00
APITAL 0.00 9,500,000.00
PAID IN APITAL 0.00 16,900,000.00
BANK LOAN 0.00 0.00
PREFERRED STOK 0.00 2,675,000.00
TREASURY STOK 0.00 3,500,000.00
UNAPPROPRIATE RETAINED EARNING 0.00 0.00
APPROPRIATE RETAINED EARNING 0.00 60,000.00
DIVIDENDS PAYABLE 0.00 0.00
PROPERTY DIVIDEND PAYABLE 0.00 5,000,000.00
Used For
NOTES PAYABLE 0.00 0.00
NATtONAL FOOS (LT.)
33 | a g e

APITAL 0.00 0.00
PAID IN APITAL 0.00 0.00
BANK LOAN 0.00 0.00
PREFERRED STOK 0.00 0.00
TREASURY STOK 0.00 0.00
UNAPPROPRIATE RETAINED EARNING 0.00 (5,060,000.00)
APPROPRIATE RETAINED EARNING 0.00 0.00
DIVIDENDS PAYABLE 0.00 (2,000,000.00)
PROPERTY DIVIDEND PAYABLE 0.00 (5,000,000.00)

Net cash :sed in financing 0.00 27,575,000.00

Net increase <decrease> in cash (3,982,583.92) 85,478,140.74




S:mmary
ash Balance at End of Period 149,588,640.74 149,588,640.74
ash Balance at Beg of Period (153,571,224.66) 0.00

Net Increase <Decrease> in ash (3,982,583.92) 149,588,640.74


STATFHFtT 0F RFTAltF0 FARtlt6S



Beginning Retained Earnings 0.00
Adj:stments To Date 63,850,000.00
Net Income 1,150,145.50

S:btotal 65,000,145.50


Ending Retained Earnings 65,000,145.50








NATtONAL FOOS (LT.)
34 | a g e


PAYR0ll J0uRtAl.

Date EmpIoyee GL Acct ID Reference Debit Amt Credit Amt
25/1/2011 USTAFA QBAL 10 111 140,000.00
25/1/2011 USTAFA QBAL 10 111 35,000.00
25/1/2011 USTAFA QBAL 10 111 21,000.00
25/1/2011 USTAFA QBAL 10 111 11,200.00
25/1/2011 USTAFA QBAL 33 111 7,000.00
25/1/2011 USTAFA QBAL 15 111 200,200.00
25/1/2011 ASGHAR HA 10 222 25,000.00
25/1/2011 ASGHAR HA 10 222 6,250.00
25/1/2011 ASGHAR HA 10 222 3,750.00
25/1/2011 ASGHAR HA 10 222 2,000.00
25/1/2011 ASGHAR HA 33 222 1,250.00
25/1/2011 ASGHAR HA 15 222 35,750.00
25/1/2011 AL AHED 10 333 1,232.00
25/1/2011 AL AHED 33 333 36.96
25/1/2011 AL AHED 15 333 1,195.04
25/1/2011 UAL HASSA 10 334 100,000.00
25/1/2011 UAL HASSA 10 334 25,000.00
25/1/2011 UAL HASSA 33 334 5,000.00
25/1/2011 UAL HASSA 15 334 120,000.00
25/1/2011 ARSALA TAHR 10 335 95,000.00
25/1/2011 ARSALA TAHR 10 335 23,750.00
25/1/2011 ARSALA TAHR 10 335 14,250.00
25/1/2011 ARSALA TAHR 10 335 7,600.00
25/1/2011 ARSALA TAHR 33 335 4,750.00
25/1/2011 ARSALA TAHR 15 335 135,850.00
25/1/2011 SAEER BAWA 10 336 1,496.00
25/1/2011 SAEER BAWA 33 336 44.88
25/1/2011 SAEER BAWA 15 336 1,451.12
25/1/2011 SALA AL 10 337 60,000.00
25/1/2011 SALA AL 10 337 15,000.00
25/1/2011 SALA AL 10 337 9,000.00
25/1/2011 SALA AL 10 337 4,800.00
25/1/2011 SALA AL 33 337 3,000.00
25/1/2011 SALA AL 15 337 85,800.00
25/1/2011 REHA AL 10 338 40,000.00
25/1/2011 REHA AL 10 338 10,000.00
25/1/2011 REHA AL 10 338 6,000.00
25/1/2011 REHA AL 10 338 3,200.00
25/1/2011 REHA AL 33 338 2,000.00
25/1/2011 REHA AL 15 338 57,200.00
25/1/2011 SA AHED 10 339 1,584.00
25/1/2011 SA AHED 33 339 47.52
25/1/2011 SA AHED 15 339 1,536.48
25/1/2011 SHAB AL 10 340 30,000.00
25/1/2011 SHAB AL 10 340 7,500.00
25/1/2011 SHAB AL 10 340 4,500.00
25/1/2011 SHAB AL 10 340 2,400.00
25/1/2011 SHAB AL 33 340 1,500.00
25/1/2011 SHAB AL 15 340 42,900.00
25/1/2011 REHA AL 10 341 40,000.00
NATtONAL FOOS (LT.)
33 | a g e

25/1/2011 REHA AL 10 341 10,000.00
25/1/2011 REHA AL 10 341 6,000.00
25/1/2011 REHA AL 10 341 3,200.00
25/1/2011 REHA AL 33 341 2,000.00
25/1/2011 REHA AL 15 341 57,200.00
25/2/2011 USTAFA QBAL 10 111 140,000.00
25/2/2011 USTAFA QBAL 10 111 35,000.00
25/2/2011 USTAFA QBAL 10 111 21,000.00
25/2/2011 USTAFA QBAL 10 111 11,200.00
25/2/2011 USTAFA QBAL 33 111 7,000.00
25/2/2011 USTAFA QBAL 15 111 200,200.00
25/2/2011 ASGHAR HA 10 222 25,000.00
25/2/2011 ASGHAR HA 10 222 6,250.00
25/2/2011 ASGHAR HA 10 222 3,750.00
25/2/2011 ASGHAR HA 10 222 2,000.00
25/2/2011 ASGHAR HA 33 222 1,250.00
25/2/2011 ASGHAR HA 15 222 35,750.00
25/2/2011 AL AHED 10 333 1,232.00
25/2/2011 AL AHED 33 333 36.96
25/2/2011 AL AHED 15 333 1,195.04
25/2/2011 UAL HASSA 10 334 100,000.00
25/2/2011 UAL HASSA 10 334 25,000.00
25/2/2011 UAL HASSA 33 334 5,000.00
25/2/2011 UAL HASSA 15 334 120,000.00
25/2/2011 ARSALA TAHR 10 335 95,000.00
25/2/2011 ARSALA TAHR 10 335 23,750.00
25/2/2011 ARSALA TAHR 10 335 14,250.00
25/2/2011 ARSALA TAHR 10 335 7,600.00
25/2/2011 ARSALA TAHR 33 335 4,750.00
25/2/2011 ARSALA TAHR 15 335 135,850.00
25/2/2011 SAEER BAWA 10 336 1,496.00
25/2/2011 SAEER BAWA 33 336 44.88
25/2/2011 SAEER BAWA 15 336 1,451.12
25/2/2011 SALA AL 10 337 60,000.00
25/2/2011 SALA AL 10 337 15,000.00
25/2/2011 SALA AL 10 337 9,000.00
25/2/2011 SALA AL 10 337 4,800.00
25/2/2011 SALA AL 33 337 3,000.00
25/2/2011 SALA AL 15 337 85,800.00
25/2/2011 REHA AL 10 338 40,000.00
25/2/2011 REHA AL 10 338 10,000.00
25/2/2011 REHA AL 10 338 6,000.00
25/2/2011 REHA AL 10 338 3,200.00
25/2/2011 REHA AL 33 338 2,000.00
25/2/2011 REHA AL 15 338 57,200.00
25/2/2011 SA AHED 10 339 1,584.00
25/2/2011 SA AHED 33 339 47.52
25/2/2011 SA AHED 15 339 1,536.48
25/2/2011 SHAB AL 10 340 30,000.00
25/2/2011 SHAB AL 10 340 7,500.00
25/2/2011 SHAB AL 10 340 4,500.00
25/2/2011 SHAB AL 10 340 2,400.00
25/2/2011 SHAB AL 33 340 1,500.00
25/2/2011 SHAB AL 15 340 42,900.00
25/2/2011 REHA AL 10 341 40,000.00
NATtONAL FOOS (LT.)
36 | a g e

25/2/2011 REHA AL 10 341 10,000.00
25/2/2011 REHA AL 10 341 6,000.00
25/2/2011 REHA AL 10 341 3,200.00
25/2/2011 REHA AL 33 341 2,000.00
25/2/2011 REHA AL 15 341 57,200.00

1,531,424.00
1,531,424.00


CASH PAYHFtT J0uRtAl.

Date eck # Account D Line Description Debit Amount redit Amount
2/1/10 01 62 Discounts Taken 800.00
2/1/10 01 05 nvoice: V-202 50,000.00
2/1/10 01 05 nvoice: 01 6,400.00
2/1/10 01 15 AR AD SS 55,600.00
2/19/10 05 nvoice: V-303 75,000.00
2/19/10 05 nvoice: 02 7,000.00
2/19/10 15 ABBAS AD 82,000.00
3/7/10 62 Discounts Taken 2,850.00
3/7/10 05 nvoice: 04 16,150.00
3/7/10 15 ABBAS AD 13,300.00
3/14/10 03 05 nvoice: 04 20,300.00
3/14/10 03 05 nvoice: V-404 80,000.00
3/14/10 03 15 LRS . 100,300.00
6/16/10 04 62 Discounts Taken 17,400.00
6/16/10 04 05 nvoice: 05 104,400.00
6/16/10 04 05 nvoice: V-505 45,000.00
6/16/10 04 15 HAA AD SS 132,000.00

TotaI 404,250.00 404,250.00









NATtONAL FOOS (LT.)
37 | a g e


CASH RFClFPT J0uRtAl

Date Account ID Transaction Ref Line Description Debit Amnt Credit Amnt
2/15/10 28 12 nvoice: 03 55,401.00
2/15/10 15 12 AR 55,401.00
3/24/10 37 98 Discounts Taken 18,722.50
3/24/10 28 98 nvoice: 05 377,017.08
3/24/10 15 98 AGHAS 358,294.58
6/29/10 28 14 nvoice: 05 90,129.58
6/29/10 15 14 TTAS 90,129.58
12/22/10 28 19 nvoice: 06 97,416.08
12/22/10 15 19 AHEED 97,416.08

619,963.74 619,963.74


ltvFtT0RY ST0CK STATuS RFP0RT

Item ID Item Description Item CIass Stocking
U/M
Qty on
Hand
Min
Stock
Reorder
Qty
Location
ITM-001 PLE Stock item E
BTTLE
520.00 STRE
R
ITM-002 ETHUP Stock item E
BTTLE
970.00 STRE
R
ITM-003 ATAL ASALA Stock item PAET 2,120.00 STRE
R
ITM-004 A Stock item E
BTTLE
620.00 STRE
R
ITM-005 BASAT RE Stock item PAET 850.00 STRE
R
ITM-006 RAQ Stock item PAET 710.00 STRE
TE
ITM-007 ATAL SALT Stock item PAET 1,120.00 STRE
R
ITM-008 USTARD Stock item PAET 855.00 STRE
R








NATtONAL FOOS (LT.)
38 | a g e


C0ST 0F 6000S S0l0 STATFHFtT.

Date GL Acct ID Reference Debit Amount Credit Amount
2/1/10 31 03 40,700.00
2/1/10 39 03 8,000.00
2/1/10 43 03 3,000.00
2/1/10 44 03 15,000.00
2/1/10 42 03 5,200.00
2/1/10 40 03 9,500.00
2/1/10 31 04 4,900.00
2/1/10 39 04 800.00
2/1/10 43 04 1,000.00
2/1/10 44 04 1,500.00
2/1/10 42 04 650.00
2/1/10 40 04 950.00
3/1/10 31 06 10,650.00
3/1/10 39 06 2,400.00
3/1/10 40 06 3,800.00
3/1/10 41 06 1,250.00
3/1/10 42 06 1,300.00
3/1/10 43 06 500.00
3/1/10 44 06 750.00
3/1/10 45 06 300.00
3/1/10 46 06 350.00
3/17/10 31 05 246,000.00
3/17/10 39 05 40,000.00
3/17/10 40 05 95,000.00
3/17/10 41 05 37,500.00
3/17/10 42 05 32,500.00
3/17/10 43 05 10,000.00
3/17/10 44 05 15,000.00
3/17/10 45 05 9,000.00
3/17/10 46 05 7,000.00
6/1/10 31 05 61,500.00
6/1/10 39 05 8,000.00
6/1/10 40 05 19,000.00
6/1/10 45 05 3,000.00
6/1/10 41 05 12,500.00
6/1/10 42 05 6,500.00
6/1/10 43 05 5,000.00
6/1/10 44 05 7,500.00
6/1/10 31 07 5,450.00
6/1/10 39 07 800.00
6/1/10 40 07 950.00
6/1/10 45 07 300.00
6/1/10 41 07 250.00
6/1/10 42 07 650.00
6/1/10 43 07 1,000.00
6/1/10 44 07 1,500.00
12/1/10 31 06 65,000.00
12/1/10 39 06 8,000.00
12/1/10 40 06 14,250.00
12/1/10 41 06 12,500.00
12/1/10 42 06 6,500.00
12/1/10 43 06 5,000.00
NATtONAL FOOS (LT.)
39 | a g e

12/1/10 45 06 6,000.00
12/1/10 44 06 7,500.00
12/1/10 46 06 5,250.00
12/1/10 31 08 5,025.00
12/1/10 39 08 800.00
12/1/10 40 08 950.00
12/1/10 41 08 250.00
12/1/10 42 08 650.00
12/1/10 43 08 500.00
12/1/10 45 08 600.00
12/1/10 44 08 750.00
12/1/10 46 08 525.00

TotaI 439,225.00 439,225.00


SAlFS J0uRtAl.

Date Account ID Invoice/CM # Line Description Debit Amnt Credit Amnt
2/1/10 33 03 ST-01: SALES TAX 9,531.00
2/1/10 17 03 PLE 10,000.00
2/1/10 39 03 ost of sales 8,000.00
2/1/10 31 03 ost of sales 8,000.00
2/1/10 17 03 BASAT RE 3,600.00
2/1/10 43 03 ost of sales 3,000.00
2/1/10 31 03 ost of sales 3,000.00
2/1/10 17 03 RAQ 18,000.00
2/1/10 44 03 ost of sales 15,000.00
2/1/10 31 03 ost of sales 15,000.00
2/1/10 17 03 A 6,400.00
2/1/10 42 03 ost of sales 5,200.00
2/1/10 31 03 ost of sales 5,200.00
2/1/10 17 03 ETHUP 12,000.00
2/1/10 40 03 ost of sales 9,500.00
2/1/10 31 03 ost of sales 9,500.00
2/1/10 38 03 Freigt Amount 2,950.00
2/1/10 28 03 AR 62,481.00
2/1/10 33 04 ST-01: SALES TAX 1,080.00
2/1/10 17 04 PLE 1,000.00
2/1/10 39 04 ost of sales 800.00
2/1/10 31 04 ost of sales 800.00
2/1/10 47 04 BASAT RE 1,200.00
2/1/10 43 04 ost of sales 1,000.00
2/1/10 31 04 ost of sales 1,000.00
2/1/10 47 04 RAQ 1,800.00
2/1/10 44 04 ost of sales 1,500.00
2/1/10 31 04 ost of sales 1,500.00
2/1/10 47 04 A 800.00
2/1/10 42 04 ost of sales 650.00
2/1/10 31 04 ost of sales 650.00
2/1/10 47 04 ETHUP 1,200.00
2/1/10 40 04 ost of sales 950.00
2/1/10 31 04 ost of sales 950.00
2/1/10 28 04 AR 7,080.00
NATtONAL FOOS (LT.)
40 | a g e

3/1/10 33 06 ST-01: SALES TAX 2,439.00
3/1/10 47 06 PLE 3,000.00
3/1/10 39 06 ost of sales 2,400.00
3/1/10 31 06 ost of sales 2,400.00
3/1/10 47 06 ETHUP 4,800.00
3/1/10 40 06 ost of sales 3,800.00
3/1/10 31 06 ost of sales 3,800.00
3/1/10 47 06 ATAL ASALA 1,750.00
3/1/10 41 06 ost of sales 1,250.00
3/1/10 31 06 ost of sales 1,250.00
3/1/10 47 06 A 1,600.00
3/1/10 42 06 ost of sales 1,300.00
3/1/10 31 06 ost of sales 1,300.00
3/1/10 47 06 BASAT RE 600.00
3/1/10 43 06 ost of sales 500.00
3/1/10 31 06 ost of sales 500.00
3/1/10 47 06 RAQ 900.00
3/1/10 44 06 ost of sales 750.00
3/1/10 31 06 ost of sales 750.00
3/1/10 47 06 ATAL SALT 400.00
3/1/10 45 06 ost of sales 300.00
3/1/10 31 06 ost of sales 300.00
3/1/10 47 06 USTARD 500.00
3/1/10 46 06 ost of sales 350.00
3/1/10 31 06 ost of sales 350.00
3/1/10 28 06 AGHAS 15,989.00
3/17/10 33 05 ST-01: SALES TAX 59,950.08
3/17/10 17 05 PLE 50,000.00
3/17/10 39 05 ost of sales 40,000.00
3/17/10 31 05 ost of sales 40,000.00
3/17/10 17 05 ETHUP 120,000.00
3/17/10 40 05 ost of sales 95,000.00
3/17/10 31 05 ost of sales 95,000.00
3/17/10 17 05 ATAL ASALA 52,500.00
3/17/10 41 05 ost of sales 37,500.00
3/17/10 31 05 ost of sales 37,500.00
3/17/10 17 05 A 40,000.00
3/17/10 42 05 ost of sales 32,500.00
3/17/10 31 05 ost of sales 32,500.00
3/17/10 17 05 BASAT RE 12,000.00
3/17/10 43 05 ost of sales 10,000.00
3/17/10 31 05 ost of sales 10,000.00
3/17/10 17 05 RAQ 18,000.00
3/17/10 44 05 ost of sales 15,000.00
3/17/10 31 05 ost of sales 15,000.00
3/17/10 17 05 ATAL SALT 12,000.00
3/17/10 45 05 ost of sales 9,000.00
3/17/10 31 05 ost of sales 9,000.00
3/17/10 17 05 USTARD 10,000.00
3/17/10 46 05 ost of sales 7,000.00
3/17/10 31 05 ost of sales 7,000.00
3/17/10 38 05 Freigt Amount 18,556.00
3/17/10 28 05 AGHAS 393,006.08
6/1/10 33 05 ST-01: SALES TAX 14,963.58
6/1/10 17 05 PLE 10,000.00
6/1/10 39 05 ost of sales 8,000.00
6/1/10 31 05 ost of sales 8,000.00
6/1/10 17 05 ETHUP 24,000.00
NATtONAL FOOS (LT.)
41 | a g e

6/1/10 40 05 ost of sales 19,000.00
6/1/10 31 05 ost of sales 19,000.00
6/1/10 17 05 ATAL SALT 4,000.00
6/1/10 45 05 ost of sales 3,000.00
6/1/10 31 05 ost of sales 3,000.00
6/1/10 17 05 ATAL ASALA 17,500.00
6/1/10 41 05 ost of sales 12,500.00
6/1/10 31 05 ost of sales 12,500.00
6/1/10 17 05 A 8,000.00
6/1/10 42 05 ost of sales 6,500.00
6/1/10 31 05 ost of sales 6,500.00
6/1/10 17 05 BASAT RE 6,000.00
6/1/10 43 05 ost of sales 5,000.00
6/1/10 31 05 ost of sales 5,000.00
6/1/10 17 05 RAQ 9,000.00
6/1/10 44 05 ost of sales 7,500.00
6/1/10 31 05 ost of sales 7,500.00
6/1/10 38 05 Freigt Amount 4,631.00
6/1/10 28 05 TTAS 98,094.58
6/1/10 33 07 ST-01: SALES TAX 1,215.00
6/1/10 47 07 PLE 1,000.00
6/1/10 39 07 ost of sales 800.00
6/1/10 31 07 ost of sales 800.00
6/1/10 47 07 ETHUP 1,200.00
6/1/10 40 07 ost of sales 950.00
6/1/10 31 07 ost of sales 950.00
6/1/10 47 07 ATAL SALT 400.00
6/1/10 45 07 ost of sales 300.00
6/1/10 31 07 ost of sales 300.00
6/1/10 47 07 ATAL ASALA 350.00
6/1/10 41 07 ost of sales 250.00
6/1/10 31 07 ost of sales 250.00
6/1/10 47 07 A 800.00
6/1/10 42 07 ost of sales 650.00
6/1/10 31 07 ost of sales 650.00
6/1/10 47 07 BASAT RE 1,200.00
6/1/10 43 07 ost of sales 1,000.00
6/1/10 31 07 ost of sales 1,000.00
6/1/10 47 07 RAQ 1,800.00
6/1/10 44 07 ost of sales 1,500.00
6/1/10 31 07 ost of sales 1,500.00
6/1/10 28 07 TTAS 7,965.00
12/1/10 33 06 ST-01: SALES TAX 16,012.08
12/1/10 17 06 PLE 10,000.00
12/1/10 39 06 ost of sales 8,000.00
12/1/10 31 06 ost of sales 8,000.00
12/1/10 17 06 ETHUP 18,000.00
12/1/10 40 06 ost of sales 14,250.00
12/1/10 31 06 ost of sales 14,250.00
12/1/10 17 06 ATAL ASALA 17,500.00
12/1/10 41 06 ost of sales 12,500.00
12/1/10 31 06 ost of sales 12,500.00
12/1/10 17 06 A 8,000.00
12/1/10 42 06 ost of sales 6,500.00
12/1/10 31 06 ost of sales 6,500.00
12/1/10 17 06 BASAT RE 6,000.00
12/1/10 43 06 ost of sales 5,000.00
12/1/10 31 06 ost of sales 5,000.00
NATtONAL FOOS (LT.)
42 | a g e

12/1/10 17 06 ATAL SALT 4,000.00
12/1/10 45 06 ost of sales 3,000.00
12/1/10 31 06 ost of sales 3,000.00
12/1/10 17 06 RAQ 9,000.00
12/1/10 44 06 ost of sales 7,500.00
12/1/10 31 06 ost of sales 7,500.00
12/1/10 17 06 ATAL SALT 4,000.00
12/1/10 45 06 ost of sales 3,000.00
12/1/10 31 06 ost of sales 3,000.00
12/1/10 17 06 USTARD 7,500.00
12/1/10 46 06 ost of sales 5,250.00
12/1/10 31 06 ost of sales 5,250.00
12/1/10 38 06 Freigt Amount 4,956.00
12/1/10 28 06 AHEED 104,968.08
12/1/10 33 08 ST-01: SALES TAX 1,152.00
12/1/10 47 08 PLE 1,000.00
12/1/10 39 08 ost of sales 800.00
12/1/10 31 08 ost of sales 800.00
12/1/10 47 08 ETHUP 1,200.00
12/1/10 40 08 ost of sales 950.00
12/1/10 31 08 ost of sales 950.00
12/1/10 47 08 ATAL ASALA 350.00
12/1/10 41 08 ost of sales 250.00
12/1/10 31 08 ost of sales 250.00
12/1/10 47 08 A 800.00
12/1/10 42 08 ost of sales 650.00
12/1/10 31 08 ost of sales 650.00
12/1/10 47 08 BASAT RE 600.00
12/1/10 43 08 ost of sales 500.00
12/1/10 31 08 ost of sales 500.00
12/1/10 47 08 ATAL SALT 400.00
12/1/10 45 08 ost of sales 300.00
12/1/10 31 08 ost of sales 300.00
12/1/10 47 08 RAQ 900.00
12/1/10 44 08 ost of sales 750.00
12/1/10 31 08 ost of sales 750.00
12/1/10 47 08 ATAL SALT 400.00
12/1/10 45 08 ost of sales 300.00
12/1/10 31 08 ost of sales 300.00
12/1/10 47 08 USTARD 750.00
12/1/10 46 08 ost of sales 525.00
12/1/10 31 08 ost of sales 525.00
12/1/10 28 08 AHEED 7,552.00

TotaI 1,136,360.74 1,136,360.74






NATtONAL FOOS (LT.)
43 | a g e


PuRCHASF J0uRtAl.
Date Account ID Account
Description
Invoice/CM # Line Description Debit
Amount
Credit
Amount
2/1/10 31 VETRY 01 PLE 8,000.00
2/1/10 05 AUTS
PAYABLE
01 AR AD SS 8,000.00
2/1/10 31 VETRY 02 PLE 1,600.00
2/1/10 05 AUTS
PAYABLE
02 AR AD SS 1,600.00
2/1/10 31 VETRY 02 BASAT RE 8,000.00
2/1/10 05 AUTS
PAYABLE
02 ABBAS AD 8,000.00
2/1/10 31 VETRY 03 BASAT RE 1,000.00
2/1/10 05 AUTS
PAYABLE
03 ABBAS AD 1,000.00
3/1/10 31 VETRY 04 ETHUP 19,000.00
3/1/10 05 AUTS
PAYABLE
04 ABBAS AD 19,000.00
3/1/10 31 VETRY 04 A 13,000.00
3/1/10 31 VETRY 04 ATAL ASALA 10,000.00
3/1/10 05 AUTS
PAYABLE
04 LRS . 23,000.00
3/1/10 31 VETRY 05 ETHUP 2,850.00
3/1/10 05 AUTS
PAYABLE
05 ABBAS AD 2,850.00
3/1/10 31 VETRY 05 A 1,950.00
3/1/10 31 VETRY 05 ATAL ASALA 750.00
3/1/10 05 AUTS
PAYABLE
05 LRS . 2,700.00
6/1/10 31 VETRY 05 PLE 16,000.00
6/1/10 31 VETRY 05 ETHUP 19,000.00
6/1/10 31 VETRY 05 ATAL ASALA 5,000.00
6/1/10 31 VETRY 05 A 13,000.00
6/1/10 31 VETRY 05 BASAT RE 20,000.00
6/1/10 31 VETRY 05 RAQ 30,000.00
6/1/10 31 VETRY 05 ATAL SALT 6,000.00
6/1/10 31 VETRY 05 USTARD 7,000.00
6/1/10 05 AUTS
PAYABLE
05 HAA AD SS 116,000.00
6/1/10 31 VETRY 06 PLE 1,600.00
6/1/10 31 VETRY 06 ETHUP 1,900.00
6/1/10 31 VETRY 06 ATAL ASALA 500.00
6/1/10 31 VETRY 06 A 1,300.00
6/1/10 31 VETRY 06 BASAT RE 2,000.00
6/1/10 31 VETRY 06 RAQ 3,000.00
6/1/10 31 VETRY 06 ATAL SALT 600.00
6/1/10 31 VETRY 06 USTARD 700.00
6/1/10 05 AUTS
PAYABLE
06 HAA AD SS 11,600.00
12/31/10 09 SUPPLES
EXPESE
V-404 Beginning Balances 80,000.00
12/31/10 05 AUTS
PAYABLE
V-404 LRS . 80,000.00

273,750.00 273,750.00

NATtONAL FOOS (LT.)
44 | a g e