PepsiCo, the Maker of Pepsi Soft Drink, Was Established in 1965

question 45

True/False

PepsiCo, the maker of Pepsi soft drink, was established in 1965.

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Definitions:

Outstanding Deposit

Refers to funds that have been deposited but not yet credited to the depositor's account.

Outstanding Checks

Checks that have been written and recorded in the payer's accounting system but have not yet been cashed or cleared by the bank.

Adjusted Cash Balance

A financial metric representing the amount of available cash after accounting for adjustments such as outstanding checks or deposits in transit.

Check Register

A record book used to keep track of all the checks issued, deposits made, and current balance in a checking account.