SAP Message 5C806 - Error when creating posting (value type &1)

Diagnosis
An error occurred when creating a posting (value type &V1&, postingdate &V2&).
Function module HR_CH_PK_WRITE_TO_ACCOUNT delivered error code &V3&.
Error codes have the following meanings:
1 Account not found
2 Written authorization missing for account
3 Invalid value type
4 Not allowed posting date ( end)
5 Error with DB update
6 Too many postings per posting date (maximum 100)
7 Not allowed value date (< lock date)
8 Currency does not agree with account currency

System Response
Posting was not created.

Procedure
Check above error conditions.