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.
1 An open platform allows its users to get far more done, and latches them to that platform far more tightly as a result.  If you think about the original PC architecture, the openness was via the expansion ports and the commodity nature of the components used on the motherboard.