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ledger
The first opening entry of a ledger is the correctly dated total or balance. It is from that amount in which all other numbers are credited and debited.
You would reverse the journal entry then record the correct entry.
it serves as a prime book as well as a ledger
Cash a/c to debtors a/c
ledger
Yes. The balancing entry is passed in the self balancing ledger.For e.g. an increase in debtors due to sales will have the following entry passed- Debtors Ledger Adjustment a/c[In the general ledger] dr. To Sales a/c General Ledger Adjustment a/c[In the Debtors Ledger] dr. To Debtors Ledger Adjustment a/c[In The general Ledger]
The first opening entry of a ledger is the correctly dated total or balance. It is from that amount in which all other numbers are credited and debited.
The General Ledger
Because it is prepared from the journal which is the book of "original entry".
Both the Journal and the Ledger are the two most important books used under the Double Entry System of "Book-Keeping". The relationship between the "Journal & Ledger" could be expressed as follows: Journal is the book of first or original entry - since all the Business Transactions are recorded first of all in the "Journal". While the "Ledger" is the book of second entry - since the transactions are "Posted" to the "Ledger" from the Journal. The Journal records tranasactions in "Chronological order", while the Ledger records the transactions in analytical order. The Journal is more reliable than Ledger since it is the book in which the entry is entered first. The process of recording transations is termed as "Journalising" while the process of recording transactions in the Ledger is called as "Posting". Ramesh Kutumbaka
how to open master for correction at the time of voucher entry
You would reverse the journal entry then record the correct entry.
it serves as a prime book as well as a ledger
ctrl + enter
Cash a/c to debtors a/c
Journal entry ledger samples can be found online at places like Accounting Explained and GSU.edu. You might also find these samples in journals sold at places like Office Depot.