A contra-asset account has a credit balance and offsets the debit balance of the corresponding asset. A contra-liability account has a debit balance and offsets the credit balance of the corresponding liability. â You should try to keep a good standing with your contra account so that you know you have everything covered. â.
In 2009, the availability of high-capacity networks, low-cost computers and storage devices as well as the widespread adoption of hardware virtualization, service-oriented architecture, and autonomic and utility computing led to a growth in cloud computing.
Hardware facilities are getting distributed, from the micro to the macro levels -- increasing numbers of cores, CPUs in a box, boxes in a data center to a multitude of data centers. The current crop of software architectures, languages and idioms are not suited to this trend.