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 metaphor: For a user, the network elements representing the provider-rendered services are invisible, as if obscured by a cloud. Cloud computing is a model for enabling ubiquitous, convenient, on-demand access to a shared pool of configurable computing resources.Cloud computing and storage solutions provide users and enterprises with various capabilities to store and process their data in third-party data centers.It relies on sharing of resources to achieve coherence and economies of scale, similar to a utility (like the electricity grid) over a network.ith cloud computing, multiple users can access a single server to retrieve and update their data without purchasing licenses for different applications.