No text found for entry &1 in table &2

What causes this issue?

In Customizing table &V2&, no text was found in language &V3& for object
&V1&.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Procedure for System Administrators

Check the entries in language &V3& in Customizing table &V2&.

Error message extract from SAP system. Copyright SAP SE.