MSLC MIL PROP questions and answers

What is Responsibility? - ANSWER-Obligation of the individual to ensure: Property/funds entrusted Command/supervision of property is used and cared for Proper custody and safekeeping are provided What does the term Army Property entail? - ANSWER-All Property under DoA control except property owned by Non appropriate funds What AR cover Property Accountability Policies? - ANSWER-AR 735-5 What are the 3 classifications of property? - ANSWER-Non-expendable Expendable Durable Explain Nonexpendable property. - ANSWER-Is not consumed & retains original identity Explain Expendable property. - ANSWER-Consumed & loses identity Not consumed with a price under $300-500 Explain Durable Property. - ANSWER-Not consumed, does not require property book accountability, it requires control (hand receipt) What is accountability? - ANSWER-The obligation of the person to keep records of property, documents or funds. What do records sho