What is an "inventoried statement"?

Prepare for the AR 735-5 Property Accountability Exam. Use flashcards and multiple choice questions with hints and explanations. Ace your test!

The concept of an "inventoried statement" refers specifically to a document that confirms the existence of items that have been counted and verified during an inventory. This statement serves as a key piece of evidence in property accountability practices, providing a clear record that demonstrates the item's presence and condition at a specific time.

This is crucial for maintaining accurate property records and ensuring that all items are accounted for according to the established policy norms. The inventoried statement is integral in helping leaders and property managers track assets over time, meeting the accountability requirements outlined in AR 735-5.

Other options describe distinct functions that do not align with the definition of an inventoried statement. For instance, while summarizing property disposal or recording damaged items is essential, these actions pertain to different aspects of property management and accountability, focusing on disposals and condition rather than verification of existing inventory. Similarly, a formal notification of new arrivals pertains to incoming assets rather than affirming the status of items already accounted for, further highlighting the specific role of an inventoried statement in the overall property management process.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy