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.
Open architecture. Not to be confused with Open-source architecture. Open architecture is a type of computer architecture or software architecture that is designed to make adding, upgrading and swapping components easy. For example, the IBM PC and Apple IIe have an open architecture supporting plug-in cards, whereas the Apple IIc and Amiga 500 computers have a closed architecture.