Which statement best summarizes the property accountability requirements?

• A. Complete accounting, on-hand serviceable property, and excess property turned in or transferred.
• B. Only partial accounting is required; property status is flexible.
• C. Inventory is optional if items appear usable.
• D. Property must be insured and stored off-site.

Answer: (A)

Property accountability means maintaining a complete, accurate record of every item under your control from receipt to disposition. This includes knowing exactly what is on hand, where it is, and its condition, so that serviceable items are properly tracked and available for use. When there is excess property—items beyond current need—the proper action is to turn them in or transfer them to the appropriate property account or disposal channel. This approach keeps losses and misappropriation from occurring, supports readiness, and ensures the inventory is reliable. Partial accounting, optional inventories, or relying on off-site storage or insurance alone do not satisfy these requirements.