Because failure to record a liability generally leads to failure to record an expense,it usually results in an understatement of income.

Name: Because failure to record a liability generally leads to failure to record an expense,it usually results in an understatement of income.
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The Answer of Because failure to record a liability generally leads to failure to record an expense,it usually results in an understatement of income.

Because Failure to Record a Liability Generally Leads to Failure