Associating documents to relevant categories is critical for effective document retrieval. Here, we compare the well-known k-Nearest Neighborhood (kNN) algorithm, the centroid-based classifier and the Highest Average Similarity over Retrieved Documents (HASRD) algorithm, for effective document categorization. We use various measures such as the micro and macro F1 values to evaluate their performance on the Reuters-21578 corpus. The empirical results show that kNN performs the best, followed by our adapted HASRD and the centroid-based classifier for common document categories, while the centroid-based classifier and kNN outperform our adapted HASRD for rare document categories. Additionally, our study clearly indicates that each classifier performs optimally only when a suitable term weighting scheme is used. All these significant results lead to many exciting directions for future exploration.