Please assign account assignment object &1 &2 to a profit center.

What causes this issue?

The system could not determine a profit center for the account
assignment object &V2& of type &V1&
.

System Response

The account assignment object &V2& belongs to company code &V3&,
for which document splitting is active with profit center or segment
as splitting characteristic.
In such company codes, all CO account assignment objects have to be
assigned to a profit center.

How to fix this error?

Assign &V1& &V2& to a profit center.

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.