Cost center &/& can only be assigned to in company code &

What causes this issue?

Cost center &V2& in controlling area &V1& is assigned to company code
&V3&. Account assignments can be made only in this company code, not in
company code &V4&.

System Response

In controlling area &V1& an object can only be posted to in the company
code to which it is assigned.

How to fix this error?

Assign an account to the cost center defined in company code &V3&.
Or, check whether the restriction in the system response is caused by
you and change the definition accordingly.

Error message extract from SAP system. Copyright SAP SE.