A book that keeps separate record for each account is known as?

A book that keeps separate records for each account is known as a ledger.

Here's why:

* Ledger: A ledger is a primary book of account that contains a record of each financial transaction in a separate account. It's like a collection of individual account statements.

* Journal: A journal is where transactions are first recorded chronologically. It's like a diary of financial activity.

* Trial balance: A trial balance is a summary of all the debit and credit balances in the ledger at a specific point in time.

So, the ledger is the book that keeps individual accounts separated and updated.

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