Company code &1 not assigned to ledger &2

What causes this issue?

For controlling area &V3&, CO version &V4& is assigned to ledger &V2&.
However, company code &V1& of this controlling area is not assigned to
this ledger.

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?

In order to correct this, you can use one of the following options:
<DS:SIMG.FINSVC_LEDGER>Assign company code</> &V1& to ledger &V2&; or
<DS:SIMG.FINSV_VERSN_LD>Assign CO version</> &V4& to a different
ledger.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.