The only correct way to change the balance of a ledger account is to make a journal entry.

Question

Quizplus · Accepted Answer

The balance of a ledger account can only be changed by making a journal entry. Other methods, such as making changes directly in the account or deleting and re-entering transactions, can lead to errors and inaccuracies in the financial records. Therefore, a proper journal entry is the only correct way to adjust the balance of a ledger account.

The Only Correct Way to Change the Balance of a Ledger