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.
Part of the Software applications glossary: Distributed computing is a model in which components of a software system are shared among multiple computers to improve efficiency and performance.
Cloud computing has several distinct characteristics that distinguish it from a traditionally-hosted computing environment: 1  Users often have on-demand access to scalable information technology capabilities and services that are provided through internet-based technologies. Users often have on-demand access to scalable information technology capabilities and services that are provided through internet-based technologies. 2  These resources run on an external or third-party service provider's system. 3  This is in contrast to traditional systems, which run on locally-hosted servers.