Which transaction identification code is utilized to transfer equipment from one custodian account to another?

The transaction identification code utilized to transfer equipment from one custodian account to another is FET. This code specifically pertains to the transfer of property between custodians, making it essential for maintaining accurate records and accountability for government property. When equipment is transferred, it is crucial to update the database to reflect the correct custodian, ensuring compliance with inventory control regulations and proper stewardship of resources.

The importance of using the correct transaction code cannot be understated, as each code serves distinct purposes in property management. FET stands for "Field Equipment Transfer," which directly aligns with the process of moving equipment between custodians. Understanding and utilizing the appropriate code helps streamline the transfer process and facilitates accurate reporting and tracking of government property throughout its lifecycle.