Account determination for doubtful items acct not possible for acct & &

What causes this issue?

Account determination for the doubtful items account in posting area
1301 is not possible. Maintain an entry for account &v2& in company
code &v1&.

System Response

The postings in receivables account &v2& cannot be marked as doubtful.

How to fix this error?

Maintain the entry in posting area 1301 and restart the transfer
posting run.

Procedure for System Administrators

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

Error message extract from SAP system. Copyright SAP SE.