These transactions are recorded in the general journal first, and typically include more information than is included in the accounting ledger; the balance of each account is not included. As in the accounting ledger, however, the credits and debits listed in the general journal must total zero.
Grid Computing is a form of distributed system with non-interactive workloads. Utility Computing is a business model where computing resources are metered. Cloud Computing is a form of utility computing that allows developers to develop, deploy and run applications.
It is similar to accessing a traditional public utility such as water, electricity or gas. 5.2 On-Demand Provisioning Cloud provides resources, infrastructure and services according to usersâ demands. 5.3 Autonomous System In contrast to the distributed systems, the computing system is managed transparently to users. Hardware, software, and data in the cloud are configured to present a single platform image.