Hi All
Thanks for the answers. The problem is solved.
I m confused at one point. According to my knowledge & research (I may be wrong) foreign currency valuation is done for gain/loss accounts. My client is using one gain/loss account (Balance sheet account) which off course don't need default cost center. But the other account they are using is profit & loss accounts.
The error related to cost center (CO object) is off course for P&L accounts. I asked the client what P&L accounts he would like to use & he gave me complete list of P&L accounts. I had to maintain all P&L accounts at OKB9. For your information the company code has only one cost center. Does maintaining all P&L accounts at OKB9 will have any adverse effect?
I don't think so as P&L accounts anyhow needs a cost center for posting but need expert advice.
Regards
Pankaj