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OD BOLC PROPERTY ACCOUNTABILITY EXAM | COMPLETE SOLUTIONS | RATED | 5 STARES RATED| 2024 $11.49
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OD BOLC PROPERTY ACCOUNTABILITY EXAM | COMPLETE SOLUTIONS | RATED | 5 STARES RATED| 2024
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OD BOLC PROPERTY ACCOUNTABILITY EXAM | COMPLETE SOLUTIONS | RATED | 5 STARES RATED| 2024 [Accountability & Responsibility, pg 2] _______ is the obligation of a person to keep records of property, documents, or funds. These records show identification data, gains, losses, due-ins, due-...

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  • September 21, 2024
  • 14
  • 2024/2025
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OD BOLC PROPERTY ACCOUNTABILITY EXAM | COMPLETE
SOLUTIONS | RATED | 5 STARES RATED| 2024




[Accountability & Responsibility, pg 2]


_______ is the obligation of a person to keep records of property, documents, or funds.
These records show identification data, gains, losses, due-ins, due-outs, and balances
on hand or in use. - Accountibility

[Accountability & Responsibility, pg 2]


An accountable officer is officially appointed in _______, by proper authority, to maintain
an item and/or financial records of Government property, irrespective of whether the
property is in their possession for use or storage, or is in the possession of others to
whom it has been officially entrusted for use or for care and safekeeping. - Writing

[Accountability & Responsibility, pg 2]


What are the three types of supply accountable officers? - - Transportation Officer.
- Stock Record Officer.
- Property Book Officer.

[Accountability & Responsibility, pg 2]


Who may be appointed as an accountable officer? - - Any DoD commissioned officer or
warrant officer. (ARNG officers must be FEDREC).
- A DoD civilian employee.
- A DoD enlisted personnel, E-5 or above.
- An ARNG military technician.

[Accountability & Responsibility, pg 2]


________ is the obligation of an individual to ensure Government property and funds
entrusted to his or her possession, command, or supervision are properly used or cared
for, and that proper custody, safekeeping, and disposition are provided. - Responsibility

, [Accountability & Responsibility, pg 2-3]


What are the five different types of responsibility? - - Command responsibility.
- Supervisory responsibility.
- Direct responsibility.
- Custodial responsibility.
- Personal responsibility.

[Accounting for Army Property, pg 4]


Property is categorized for financial accounting and reporting purposes as __(1)__ or
__(2)__.

__(1)__ consists of land and structures.
__(2)__ is made up of capital equipment and other nonexpendable supplies ,
collectively called nonconsumable supplies, and all consumable supplies. - (1) - Real
property.
(2) - Personal property.

[Accounting for Army Property]


Listed in the Army Master Data File; used to identify the accounting requirement. -
Accounting Requirement Code (ARC)

[Accounting for Army Property, pg 4]


All Army property, except real property, will be classified for property accounting
purposes as _______, _______, or _______. - - Expendable.
- Durable.
- Nonexpendable.

[Accounting for Army Property, pg 4]


Items that require formal property book accounting at the user level will be classified as
what? - Nonexpendable (ARC = N)

[Accounting for Army Property, pg 4]

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