A contra-asset account has a credit balance and offsets the debit balance of the corresponding asset. A contra-liability account has a debit balance and offsets the credit balance of the corresponding liability. â You should try to keep a good standing with your contra account so that you know you have everything covered. â.
In 2009, the availability of high-capacity networks, low-cost computers and storage devices as well as the widespread adoption of hardware virtualization, service-oriented architecture, and autonomic and utility computing led to a growth in cloud computing.
IaaS is only one of several cloud computing models, and it is complemented by alternative models that include PaaS and SaaS. PaaS builds on the IaaS model because, in addition to the underlying infrastructure components, providers host, manage and offer operating systems, middleware and other runtimes for cloud users.