What are the three categories in which accounting entries can be classified while entering them in vouchers ?

The three types entries are: 1. Opening Entry: (½) In order to begin the new financial year, balances of accounts of the previous year are brought forward. For this opening entry in journal is recorded. All those accounts which show the assets of a business are debited and all the accounts showing amounts owned by the business are credited. (½) 2. Closing Entry: (½) The entries required to make the trading account and profit and loss account are known as closing entries because their effect is to close the books of account for the year concerned. (½) 3. Adjusting Entry: The adjusting entry is recorded to relate the figures to the trading period. The amounts which are outstanding or prepaid and the incomes which are accrued or received in advance are recorded with the help of this entry. (½)