No authorization for deletion in company code &

What causes this issue?

You do not have authorization to delete the data from company code
&V1&.

System Response

Deletion is terminated.

How to fix this error?

Contact your system administrator. Ask for authorization for
authorization object "F_BKPF_BUK" and activity "06" (deletion) for
company code &V1&.

Error message extract from SAP system. Copyright SAP SE.