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.
The intent of the GPC is to allow organizations to locally purchase accountable equipment they are not allowed to have in Allowance Standards. True or false
The intent of the GPC is to allow organizations to locally purchase accountable equipment they are not allowed to have in Allowance Standards. True or false
The intent of the GPC is to allow organizations to locally purchase accountable equipment they are not allowed to have in Allowance Standards. True or false
The intent of the GPC is to allow organizations to locally purchase accountable equipment they are not allowed to have in Allowance Standards. True or false
True: The GPC Purchase Log can be electronic or in a manual format.
If the GPC purchase exceeds the obligation amount, what must be adjusted in GFEBS for successful posting?
Splitting what would be a $4,000 purchase into two transactions, each of which falls under the micro-purchase threshold, is:
False False
False False
False False
Acquisition/Procurement hierarchy and Financial hierarchy
False False