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.
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.