100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
GFEBS Spending Chain - Government Purchase Card Questions and Answers | Latest Update | 2024/2025 | 100% Pass R178,34
Add to cart
Quickly navigate to
Preview
  2.  
  3. GFEBS Spending Chain - Government Purchase Card
  4.  
  5. GFEBS Spending Chain - Government Purchase Card

Exam (elaborations)

GFEBS Spending Chain - Government Purchase Card Questions and Answers | Latest Update | 2024/2025 | 100% Pass
 0 purchase
  • Course
  • GFEBS Spending Chain - Government Purchase Card
  • Institution
  • GFEBS Spending Chain - Government Purchase Card

GFEBS Spending Chain - Government Purchase Card Questions and Answers | Latest Update | 2024/2025 | 100% Pass What is the purpose of the Government Purchase Card (GPC)? The GPC is used for making small purchases to streamline procurement processes and reduce paperwork. Who is typically a...

[Show more]

Preview 2 out of 8  pages

Document information

  • September 19, 2024
  • 8
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • gfebs spending chain government purchase card qu

Written for

  • GFEBS Spending Chain - Government Purchase Card
  • GFEBS Spending Chain - Government Purchase Card

Seller

avatar-seller
SterlingScores

Reviews received

Content preview

GFEBS Spending Chain - Government
Purchase Card Questions and Answers |
Latest Update | 2024/2025 | 100% Pass

What is the purpose of the Government Purchase Card (GPC)?


✔✔ The GPC is used for making small purchases to streamline procurement processes and

reduce paperwork.




Who is typically authorized to use a Government Purchase Card?


✔✔ Only designated individuals, known as cardholders, who are authorized by the government

to make official purchases.




What is the Spending Chain in relation to the Government Purchase Card?


✔✔ The Spending Chain refers to the series of processes from requesting goods and services,

making purchases, and recording the transactions in GFEBS.




What type of purchases are allowed using the Government Purchase Card?


✔✔ The card is generally used for low-cost, micro-purchases, such as office supplies or services

under a specific threshold.



1

, What is the role of the cardholder in the GPC program?


✔✔ The cardholder is responsible for making authorized purchases, ensuring compliance with

regulations, and maintaining proper documentation for each transaction.




How are GPC transactions recorded in GFEBS?


✔✔ GPC transactions are recorded in GFEBS through the Spending Chain module, where they

are tracked and reported for auditing and financial purposes.




Why is it important to reconcile GPC transactions?


✔✔ Reconciliation ensures that all purchases are accurately recorded, funds are properly

allocated, and there are no discrepancies or unauthorized charges.




What documentation is required for each GPC purchase?


✔✔ Documentation such as receipts, invoices, and transaction logs must be maintained to

support the legitimacy of each purchase.




What is the approval process for Government Purchase Card transactions?




2

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying this summary from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller SterlingScores. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy this summary for R178,34. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

68175 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy summaries for 15 years now

Start selling
R178,34
  • (0)
Add to cart
Added