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Reset company code data before changing the chart of accounts

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I was trying to assign the new Chart of accounts VCOA   to this Company Code VAL  (  attached a screen shot )

 

The error message  "Reset company code data before changing the chart of accounts"

 

 

 

Tried to do so by executing  T-Code OBR1

 

But i am not able to ( attached a screen shot )

 

The error message " Cost accounting is not active in Co. code VAL"

 

No transactions have been executed yet !



Why is this happening ?!


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