What is the purpose of a hand receipt?

The purpose of a hand receipt is to serve as a document that lists property assigned to an individual or organization. This documentation is critical for ensuring accountability and tracking of government property. It clearly identifies which assets are entrusted to specific personnel, thereby establishing responsibility for those items. Having a detailed listing helps in maintaining accurate records, facilitating inventory checks, and assisting in audits, as it allows for verification of the property in possession versus what is documented in official records. Proper handling and management of hand receipts are essential for compliance with property accountability policies outlined in regulations like AR 735-5.