2741518 - Error KI235 when posting a goods receipt

You are posting a goods receipt using the webgui tile 'Post Goods Movement' and the posting fails with error 'Account & requires an assignment to a CO object' - KI235

SAP S/4HANA Cloud 

KI235, K_ACCOUNT_ASSIGNMENT_GET, TKA3A-KOSTL, TKA3C-KOSTL, LKAIPF1T, ACCOUNTINGS_COMBINATION_CHECK, SSCUI 102639, Delivery, Goods Movement, 501, MIGO, API, Create Material Documents, API_MATERIAL_DOCUMENT_SRV/A_MaterialDocumentHeader, GBB, Variance, PRD, AUM, Goods Issue, PO, Supplier, Invoice, Create Supplier Invoice, MTO, Sales Order, T030, Monitor Value Chain, Account Assignment, Transfer, 423E , KBA , MM-IM-GR-MIGO , Goods Receipt from External Procurement (MIGO) , CO-OM , Overhead Cost Controlling , MM-IM-GR-MIGO-2CL , Goods Receipt from External Procurement (MIGO) (Public Cld) , CO-OM-2CL , Overhead Cost Controlling (Public Cloud) , MM-FIO-IM-SGM , Fiori UI for Stock and Goods Movements , How To