Modification of journal entry

Sandeep Sharma (Accounts executive) (552 Points)

05 December 2018  
On 02.12.2018 I made a journal entry

Bank account 20000
To Xyz ltd 20000

On 04.12.2018, I realised that payment belonged to ABC ltd. Please suggest me that if i need to modify the entry or pass new journal voucher entry by debiting Xyz and crediting abc account.

Which is the best option adhering tp accounting rules
Modify or New journal entry??