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Creating Fixed term Deposit

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Hi gurus,

 

I was trying to create a Fixed Term Deposit and am stuck up with the below errors.

  1. No accounting Code defined for Company code
  2. there are no relevant Valuation areas in accountind code for company code
  3. No authorization for accounting code, Valuation area product type.

 

Could you please explain me the significance for accounting Code, Valuation Area and Product type?


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