Accounting Entries Types: 4 Main Types of Accounting Entries | Financial Accounting

The following points highlight the four main types of accounting. The types are:- 1. Adjusting Entries 2. Transfer Entries 3. Closing Entries 4. Opening Entries. Types # 1. Adjusting Entries: It is a normal practice to make entries in the accounting records on cash basis (revenues and expenses actually received and paid). However, there is a need to formulate accounting [...]