Describe and define the concept of unrecorded liabilities. Explain which steps can be taken to expose its existence

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asked Mar 14, 2024 118k views

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Furious Duck · Answer 1 · 2024-03-17T22:41:19+0000

Unrecorded liabilities are financial obligations a company hasn't documented. To find them, conduct thorough audits, review contracts, encourage communication within the organization, and confirm obligations with vendors.

Describe and define the concept of unrecorded liabilities. Explain which steps can be taken to expose its existence

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