Which record contains monetary transactions posted in the form of debits and credits for each account?

The general ledger serves as the primary accounting record in which all financial transactions of a business are recorded. Each account, such as assets, liabilities, equity, revenue, and expenses, maintains a detailed listing of its debits and credits. This comprehensive record allows for a clear understanding of all transactions that affect each account and provides a foundation for the preparation of financial statements.

In contrast to the general ledger, the trial balance is a summary statement that lists all the account balances to ensure that total debits equal total credits, but it does not provide the detailed transaction level information. Journal entries represent the initial recording of transactions before they are posted to the general ledger, but they are not structured in the same account-specific manner as the general ledger itself. The statement of cash flow, meanwhile, outlines how cash flows in and out of the business over a certain period, focusing on cash transactions rather than detailed account balances.

Thus, the general ledger is crucial for maintaining an organized and precise record of all monetary transactions, which makes it the correct answer in this context.