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AR 710-2 requires a physical inventory of non-expendable property to be conducted at least annually. Additionally, inventories should be performed whenever there is a change in property accountability, such as a transfer of responsibility or when discrepancies are identified. Regular inventories ensure accurate accountability and management of government property.
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is Wood is FLAMMABLE Physical or Chemical?
Chemical: flammability requires a chemical reaction to occur in the presence of oxygen at a sufficiently high temperature.
Which physical property requires no tools scales or other equipment to determine?
One physical property that requires no tools, scales, or other equipment to determine is the state of matter (solid, liquid, gas) of a substance. This can be assessed simply by visual observation and understanding the characteristics of the material at a given temperature and pressure. For example, water at room temperature is a liquid, while ice is a solid and steam is a gas. Observing these states can be done without any specialized instruments.
What element of a storekeeper's job is most difficult?
Managing inventory effectively can be the most difficult element of a storekeeper's job. This includes ensuring there are enough products in stock to meet demand, while also minimizing excess inventory to control costs. Balancing these factors requires careful planning and organization.
Is it the property lies or the property lays?
The correct phrase is "the property lies." In this context, "lies" is the present tense of the verb "to lie," which means to be situated or to exist in a particular location. "Lays" is the present tense of "to lay," which requires a direct object (something being placed down). Therefore, you would say, "the property lies to the north" rather than "the property lays to the north."
What is an example of moderately active job?
A moderately active job is one that requires a mix of physical activity and sedentary tasks throughout the day. An example is a retail sales associate, who spends time standing, stocking shelves, and assisting customers, but also has periods of sitting while managing transactions or inventory. This balance of movement and rest characterizes the moderate activity level of the role.
How will identifying if a property is chemical or physical?
A physical property can be observed without changing the sample. Chemical properties requires you to change the sample.
what physical property requires no tools scales or other equipment to determine?
color
Is colorless a physical change or a chemical change?
Colorless is a physical property. Determining change requires you to compare two things.
Cost of goods sold is determined only at the end of the accounting period in?
The inventory system used to determine the cost of goods sold at the end of accounting period is called Periodic Inventory System. This requires physical inventory check.
Which type of inventory is conducted jointly by the incoming and outgoing PBO and requires property not issue on hand receipt?
The type of inventory conducted jointly by the incoming and outgoing Property Book Officer (PBO) is known as a "change of responsibility inventory." This inventory ensures an accurate accounting of all property not issued on hand receipt during the transition between officers. It helps to verify that all items are accounted for and in good condition before the new PBO takes over responsibility.
What are the disadvantages of a periodic inventory system?
The perpetual inventory system is more complicated, requires more accounting entries and is more costly the periodic inventory system does.
What are the disadvantages of periodic inventory system?
The perpetual inventory system is more complicated, requires more accounting entries and is more costly the periodic inventory system does.
What skills do you need to work in inventory?
Inventory work requires a decent grasp in the field of accountancy and basic mathematics. It also requires a fine eye for detail as well as thoroughness in one's work.
What type of property cannot be observed without changing composition of a substance?
a physical property a chemical property; physical properties are properties such as freezing/melting/boiling points
What type of inventory requires 100 of all lines?
Wall to wall
Does the full disclosure principle requires that the notes to the financial statements report a change in accounting method for inventory?
The full disclosure principle requires that the notes to the financial statements report a change in accounting method for inventory.
is Wood is FLAMMABLE Physical or Chemical?
Chemical: flammability requires a chemical reaction to occur in the presence of oxygen at a sufficiently high temperature.
