While posting the movement journal, the system is throwing the error " Insufficient Inventory Transaction with status onorder, reserved ordered, reserved physical and picked" please guide me how to resolve this issue.
When you manually create a line in a journal that involves stock it also writes to the inventory transaction table. Your import does not do this so a fundamentally required table is missing. Press teh stock button and transactions and see nothing, manually add one and do the same and you see a record. This has been discussed in here before if you search
You imported the journal incorrectly - you have not imported the data into all of the tables required by the system. The system is not at fault, it is your import and because of this the error is given.