Hi Babu,
You have to create a validation as shown below in OKC7 in internal CO posting under cost accounting.
Prerequisite: COBL_SENDER-BUKRS = Here input co.code
Check : COBL_RECEIVER-KOSTL IN "here enter set name of the cost centre list" AND COBL_RECEIVER-PRCTR IN "Here enter sent name of the profit centre list"
Message: Define error message
After create the above validation, assign it to the controlling area at call up point 2.
Regards,
Mukthar