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.
On-premise vs. clOud-based sOlutiOns II Cloud offerings Hosted offerings may sound like cloud offerings, but there are some critical differences to understand. The National Institute of Standards and Technology (NIST) established five essential characteristics of cloud computing that should help you understand the primary differences. They are: 1.