You must reopen the relevant period and post a correcting journal entry, ensuring you document the reason for the adjustment clearly. Honestly, in my MNC, the stress of such an error would lead to a lengthy audit trail and much scrutiny. It makes me miss the straightforward ledgers I saw as a boy in my father's small grain shop, where a mistake meant simply wiping the slate on the *bahi khata* and starting anew—no systems, just trust.
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