0
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.
What else can I help you with?
Is The intent of the GPC is to allow organizations to locally purchase accountable equipmentthey are not allowed to have in Allowance Standards?
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 equipmentthey are not allowed to have in Allowance Standards.?
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 equipmentthey are not allowed to have in Allowance Standards?
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
Is the intent of the GPC to allow organizations to locally purchase accountable equipmentthey are not allowed to have in Allowance Standards.?
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
An electronic or a manual Purchase Log must be maintained?
True: The GPC Purchase Log can be electronic or in a manual format.
GFEBS government purchase card?
If the GPC purchase exceeds the obligation amount, what must be adjusted in GFEBS for successful posting?
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 intent of the GPC is to allow organizations to locally purchase accountable equipment they are not allowed to have in Allowance Standards?
False False
Is the intent of the GPC is to allow organizations to locally purchase accountable equipment they are not allowed to have in Allowance Standards.?
False False
The intent of the the GPC is to allow organizations to locally purchase accountable equipment they are not allowed to have in Allowance Standards?
False False
What are the two branches in the Government Purchase Card (GPC) organizational hierarchy?
Acquisition/Procurement hierarchy and Financial hierarchy
Is The intent of the GPC to allow organizations to locally purchase accountable equipment they are not allowed to have in Allowance Standards.?
False False
