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 the pillar on which a cloud computing architecture is built. With the advancement of technologies in communications, computing, and storage devices, IaaS has emerged as a highly efficient platform to construct Software-as-a-Service and Platform-as-a-Service layer on top of it.