Cryptic crossword clue
The majority accepting bad liar is a principled person 8

The most common and most likely answer to this crossword clue is the 8 letter word MORALIST

I've seen this crossword clue in The Daily Telegraph
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Buddy explains!

The straight part
We know that "a principled person" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case a principled person = moralist.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does MORALIST mean?

MORALIST noun
  1. One who bases all decisions on perceived morals, especially one who enforces them with censorship.
  2. A teacher of morals.

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