Error in stock updation ( T.code mb1c)

Hi all,
While i'm updating stock using mb1c transaction code the following error apearing.
"Control indicators for controlling area bp01 do not exit"
Please provide solution for this as early as possible.
Thanks & warm regards
kesav

Hi ramesh,
Thank you for your reply,  i sort it out my problem with your suggestion, but i'm getting another error like " account determination not defined for bp01 bpx". For this i did assingment of valuation area , company code and charts of account , still i'm getting above mentioned error.
Please provide solution for above error. If it is possible please provide entire process for material updation(configuration steps).
Thanks and regards
Kesav

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