When reconciling transactions, which of the following is a responsibility of the Cardholder?

Enhance your preparation for the DoD Governmentwide Commercial Purchase Card (GPC) Overview (CLG 0010) Exam. Utilize a variety of study aids, including flashcards and multiple-choice questions with explanations, to ensure your success on the test!

The responsibility of the Cardholder to review and confirm all charges are accurate is crucial in the reconciliation process. This ensures that every transaction made with the Governmentwide Commercial Purchase Card accurately reflects what was intended and authorized. By verifying the accuracy of the charges, the Cardholder prevents potential fraudulent activity, maintains accountability, and helps ensure compliance with government regulations regarding purchase cards. This process also aids in budgeting and financial oversight within the government organization, allowing for corrective action if discrepancies are identified.

In contrast, the other options do not align with the typical responsibilities of a Cardholder. For instance, creating new purchase orders falls within the realm of procurement and contracting officials, while automatic authorizations and discarding statements do not reflect valid practices within the card management process. Therefore, the emphasis on reviewing and confirming charges underlines the Cardholder's critical role in maintaining the integrity of financial transactions.

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