Inventory

Inventory includes a formal listing of all accountable property items assigned to an agency, along with a formal process to verify the condition, location, and quantity of such items. This term may also be used as a verb to indicate the actions leading to the development of a listing. In this sense, an inventory must be conducted using a physical count, electronic means, and/or statistical methods.

Source

41 CFR § 102-35.20

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Scoping language

The following definitions apply to GSA's personal property regulations in parts 102-35 through 102-42 of this subchapter.

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