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.
You can say that SaaS applications are running in the cloud, and you would be correct. But SaaS applications are not the Cloud. So what is the Cloud? Cloud Computing provides computing resources that are not tied to any specific location. Cloud Computing basically consists of: 1. Virtual computers/servers. 2. Data storage capacity. 3.