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Is The primary purpose of the purchase log is to provide documentation to reconcile the cardholder monthly statement?
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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:
Is the acquisition of non current assets included in the income statement?
Acquisition amount of purchase of non-current asset is shown in balance sheet while any profit or loss incurred for purchase of assets is shown in income statement.
What are other names for credit purchases on an income statement?
what are other name for credit purchase
What is the time limit for processing a debit card charge?
A debit card charge must be posted no more than 30 days from the date of purchase. The merchant can still post a charge after the 30 days however they open themselves up to getting a chargeback from the cardholder/bank. A chargeback is a right that every cardholder/bank have. It is a way for the CH/Bank to get back their money when a merchant incorrectly processes a transaction.
What is the difference between a purchase and a payment on a credit card statement?
A purchase would be buying something. A payment would be a payment on the card itself, towards the balance of the available credit.
Why is a purchase log necessary?
to help reconcile the monthly statement and explain the circumstances and the actions the cardholder took to complete the purchase
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.
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:
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.
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.
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
When making a purchase a cardholder was recently informed by the merchant that the purchase card account has been suspended who should the cardholder contact to address this matter?
Contact your A/OPC immediately
A cardholder forms a relationship with a local company to making purchases with no receipts found to support the purchase, and the amount of purchases from this company exceeds the normal expenditures?
cardholder fraud
A cardholder forms a relationship with a local company to making purchases with no receipts found to support the purchase and the amount of purchases from this company exceeds the normal expenditures?
cardholder fraud
Who should the cardholder contact when questioning the purchase of gifts or mementos?
Activity Fiscal Attorney
