Hi Ravi,
Thanks for your reply,
1. Action profile - my condition is status profile....but it is not working, it is not stopping to create the followup transaction in open, in process statuses.
2. Is it possible to stop creating the quotation only in in-process or Rejected by sales statuses by using status profile... I checked there was an option of create quotation, i set it to forbidden and warning, still it is allowing to create the quotation in the user status (in -process, and rejected by sales).
I am also working on it.