What is custodial responsibility?

Study the Fundamentals of Property Accountability Exam. Utilize flashcards and multiple choice questions; each question features hints and explanations. Prepare thoroughly for your exam!

Multiple Choice

What is custodial responsibility?

Explanation:
Custodial responsibility means being responsible for property that is kept in storage and is awaiting issue to a unit or individual, or for turn-in. The custodian safeguards the items, maintains records, and ensures proper handling so the property can be issued or returned when needed. This is different from direct accountability (property assigned to a person and carried on a hand receipt), from property that is currently in use by someone, or from disposal of property. Because custodial responsibility specifically covers stored, not-yet-issued or not-yet-disposed items, it is the best description.

Custodial responsibility means being responsible for property that is kept in storage and is awaiting issue to a unit or individual, or for turn-in. The custodian safeguards the items, maintains records, and ensures proper handling so the property can be issued or returned when needed. This is different from direct accountability (property assigned to a person and carried on a hand receipt), from property that is currently in use by someone, or from disposal of property. Because custodial responsibility specifically covers stored, not-yet-issued or not-yet-disposed items, it is the best description.

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