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How many days after the end of the monthly billing cycle must the GPC Cardholder reconcile and approve the information in his or her Statement of Account?
GPC Cardholders must reconcile and approve the information in their Statement of Account within 5 days after the end of the monthly billing cycle. This prompt action ensures timely processing and accountability for the transactions recorded during that period.
Why would your program use a diversion account?
To make sure that specified merchant transactions (e.g.,airlines) do not go to individual cardholder accounts
The cardholder uses AIM to perform which of the following actions?
Accept Cardholder Account Nomination
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:
Whenever a transaction is formally disputed the cardholder must complete either a us bank cardholder statement of questioned item form or a citibank government cardholder dispute form?
True
What is the last step of the GPC Program process flow?
the ch obtains required approvals
True or False The GPC is normally reissued every 12 months to each cardholder?
True or False The GPC is normally reissued every 12 months to each cardholder
What are a cardholder's responsibility in the GPC Program?
Splitting what would be a $4,000 purchase into two transactions, each of which falls under the micro-purchase threshold, is:
The GPC is normally reissued every 12 months to each cardholder?
False
What information does a GPC cardholder account profile include?
Demographic, accounting code, and general account information
What must the cardholder do to become qualified to make gpc purchases up to $25 000 outside the us?
?
If items purchased with a GPC are found to be defective the cardholder must obtain replacement or correction of the items as soon as possible If the merchant refuses to replace or correct the defect?
Complete a U.S. Bank Cardholder Statement of Questioned Item Form or a Citibank Government Cardholder Dispute.
Use of the GPC to acquire supplies or services that are unauthorized and intended for personal use or gain constitutes?
True or false use of the GPC to acquire supplies or services that are unauthorized and intended for personal use or gain constitutes abuse of the GPC program
In order to use the GPC for simplified acquisitions up to 25000 outside the US and its jurisdictions the Cardholder Merchant and supplydelivery execution must all be outside the US and its jurisdictio?
True
What does it mean to split a GPC purchase?
Splitting a GPC (Government Purchase Card) purchase refers to the practice of dividing a single transaction into smaller amounts to avoid exceeding the cardholder's spending limit or to bypass procurement regulations. This practice can lead to compliance issues, as it may violate government guidelines intended to ensure accountability and transparency in spending. It is generally discouraged and can result in disciplinary actions for the cardholder if discovered. Proper purchasing procedures should be followed to avoid the need to split purchases.
How many days after the end of the monthly billing cycle must the GPC Cardholder reconcile and approve the information in his or her Statement of Account?
GPC Cardholders must reconcile and approve the information in their Statement of Account within 5 days after the end of the monthly billing cycle. This prompt action ensures timely processing and accountability for the transactions recorded during that period.
What are the basic types of accounts in the Government Purchase Card Program?
Managing Accounts and Cardholder Accounts
