Error in currency determination: no controlling area for the company code

What causes this issue?

You assigned company code &V3& and currency type &V2& to ledger &V1& at
the same time.
Assignment of a controlling area to company code &V3& is required for
currency type &V2&.
Yet a controlling area has not been assigned to company code &V3&.

System Response

Currency type &V2& set up in the ledger cannot be determined. The
posting is rejected.

How to fix this error?

Either undo the assignment of company code &V3& to ledger &V1&
<DS:TRAN.GCL2>Ledger maintenance</>
or assign a controlling area to company code &V3&.
<DS:TRAN.OKKP>Controlling area maintenance</>

Error message extract from SAP system. Copyright SAP SE.