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Splitting what would be a $4,000 purchase into two transactions, each of which falls under the micro-purchase threshold, is:

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7y ago

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Is a Cardholder responsibility in the GPC Program?

Yes, a cardholder has specific responsibilities in the Government Purchase Card (GPC) Program. They are expected to use the card for authorized purchases only, maintain accurate records of transactions, and ensure compliance with procurement regulations. Additionally, cardholders must report any lost or stolen cards promptly and participate in any required training or audits related to the program.


What is a Cardholder responsibility in the GPC Program?

In the Government Purchase Card (GPC) Program, a cardholder is responsible for using the card solely for authorized government purchases and ensuring compliance with relevant regulations and policies. They must maintain accurate records of transactions, including receipts and documentation, and report any discrepancies or issues promptly. Additionally, cardholders are required to complete necessary training and adhere to established spending limits and guidelines to prevent misuse of the card.


What is the cardholder responsibllity in the GPC Program?

In the Government Purchase Card (GPC) Program, cardholder responsibility includes ensuring that purchases are made in compliance with applicable regulations, policies, and guidelines. Cardholders must maintain accurate records of transactions, including receipts and documentation, and ensure that all purchases are necessary for official government business. Additionally, they are responsible for reconciling their accounts and reporting any discrepancies or misuse. Failure to adhere to these responsibilities can result in disciplinary actions.


Who is responsible for reporting fraud on gpc cards?

The responsibility for reporting fraud on GPC (Government Purchase Cards) generally falls on the cardholder or the designated agency official. Cardholders must promptly report any suspicious transactions or unauthorized use to their agency's GPC program coordinator or the designated fraud reporting channel. Additionally, agencies are required to have internal controls and procedures in place to detect and manage fraud. Overall, timely reporting and adherence to agency policies are crucial in addressing potential fraud issues.


How may purchase cardholders Approving Officials and certifying Officials be held accountable for the duties they perform in relationship to GPC activity?

Performance evaluations are used in these cases.


Cardholders may be granted authority to use their GPC accounts to make payments against contracts?

Cardholders with a Government Purchase Card (GPC) may be authorized to use their accounts for making payments on specific contracts, provided they adhere to established guidelines and regulations. This authority allows for increased efficiency in procurement processes while ensuring that spending remains within the approved limits of the contract. Cardholders must be trained and aware of the proper procedures to ensure compliance and accountability in their transactions.


It is the cardholders responsibility to sign forms disputing and transactions made following the loss of a card?

True


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


Cardholders who have been formally granted the appropriate authority in their Letter of Delegation may use the GPC to make simplified acquisitions up to 25000 outside the US and its jurisdictions?

False


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.


How many organizations hold purchase cardholders Approving officials and certifying officials accountable for the duties they perform in relationship to GPC activity?

The number of organizations that hold purchase cardholders, approving officials, and certifying officials accountable for their duties related to Government Purchase Card (GPC) activity can vary widely. Typically, federal agencies and large organizations implement oversight mechanisms to ensure compliance with regulations and proper management of GPC transactions. Accountability measures may include regular audits, training programs, and performance evaluations. The specific number of organizations implementing these accountability measures is not publicly quantified, but it is a common practice in many government and corporate settings.


What is the last step of the GPC Program process flow?

the ch obtains required approvals