These transactions are recorded in the general journal first, and typically include more information than is included in the accounting ledger; the balance of each account is not included. As in the accounting ledger, however, the credits and debits listed in the general journal must total zero.
Grid Computing is a form of distributed system with non-interactive workloads. Utility Computing is a business model where computing resources are metered. Cloud Computing is a form of utility computing that allows developers to develop, deploy and run applications.
Cloud computing metaphor: For a user, the network elements representing the provider-rendered services are invisible, as if obscured by a cloud. Cloud computing is a model for enabling ubiquitous, convenient, on-demand access to a shared pool of configurable computing resources.Cloud computing and storage solutions provide users and enterprises with various capabilities to store and process their data in third-party data centers.It relies on sharing of resources to achieve coherence and economies of scale, similar to a utility (like the electricity grid) over a network.ith cloud computing, multiple users can access a single server to retrieve and update their data without purchasing licenses for different applications.