Error : "account no 1234 requires a CO object"

when we release a Post goods issue in MM, there is an error "account no 1234 requires a CO object", although the profit center is there in MM03. what will be the error.

Dear,
Use transaction KA02 and enter your controlling area then enter 1234 in cost element. Now go to Default Acct Assgnmt tab and enter relevant cost center. Profit cetner will not help in removing this problem.
Regards,
Chintan Joshi.

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