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A Purchase Log is necessary for which of the following reasons?
To help reconcile the monthly statement and explain the circumstances and the actions the Cardholder took to complete the purchase.
What qualifes for making GPC purchases up to 25000 outside the U.S. and its jurisdictions?
To qualify for making Government Purchase Card (GPC) purchases up to $25,000 outside the U.S. and its jurisdictions, the purchase must be for official government business and comply with relevant federal regulations and agency policies. The cardholder must have the appropriate authorization and ensure that the purchase is within the limits of their delegated authority. Additionally, the items or services must be necessary for the performance of a government mission and cannot be procured through other means.
What are the four steps in closing or terminating a GPC account?
The four steps in closing or terminating a Government Purchase Card (GPC) account typically include: 1) Notifying the cardholder of the decision to close the account, ensuring they understand the reasons and any implications. 2) Settling any outstanding transactions or obligations associated with the account. 3) Collecting the physical card from the cardholder to prevent unauthorized use. 4) Completing the necessary paperwork and updating relevant systems to officially document the account closure.
To qualify for making GPC purchases up to 25000 outside the U.S. and its jurisdictions?
To qualify for making Government Purchase Card (GPC) purchases up to $25,000 outside the U.S. and its jurisdictions, the purchase must comply with federal regulations and guidelines regarding international spending. Additionally, the cardholder must have appropriate authorization and ensure that the purchase aligns with the agency's mission. It’s essential to follow proper procurement procedures and obtain necessary approvals prior to the transaction. Always consult with your agency's procurement office for specific requirements and limitations.
What was called for the government purchase of two million dollars of silver each month?
Bland-Allison Act
A cardholder had recently made a purchase with the purchase card It was not an approved government purchase and the cardholder was not able to return the purchased item to the merchant for a refund o?
The Government who then seeks repayment from the cardholder.
The Government Purchase Cardholder is encouraged to also be an accommodation / convenience check holder?
False
What are the basic types of accounts in the Government Purchase Card Program?
Managing Accounts and Cardholder Accounts
When a cardholder's purchase card is about to expire he or she should?
When a cardholder's purchase card is about to expire he/she should:
When a cardholder's purchase card is about to expire he she should?
When a cardholder's purchase card is about to expire he/she should:
What are the two basic types of accounts in the government purchase card program?
Managing Accounts and Cardholder Accounts
As a Government Purchase Cardholder or Approving Official you should direct any questions you have on Standards of Conduct to?
Agency Ethics Counselor
When making a purchase a cardholder was recently informed by the merchant that the purchase card account has been suspendedwho should the cardholder contact to address this matter?
The cardholder should contact the card company.
How many basic accounts in the government purchase card program managing account and cardholder accounts?
In the government purchase card program, there are typically two types of basic accounts: managing accounts and cardholder accounts. The managing account is responsible for overseeing multiple cardholder accounts, which are issued to individual users for making purchases. The specific number of accounts can vary widely depending on the agency or organization, but each managing account can control numerous cardholder accounts to facilitate procurement processes.
True false there are two basic types of accounts in the government purchase card program managing accounts and cardholder accounts?
True
Who has responsibility to maintain a Purchase Log?
Cardholder
A cardholder recently received approval to purchase a new printer for the agency The cardholder has a purchase card that has a single purchase limit of 1000 However the required printer costs 1?
AO
