Using a Utility Computing Model,cloud Computing Helps to Transform IT

question 97

True/False

Using a utility computing model,cloud computing helps to transform IT infrastructure costs from a capital expenditure to an operational expenditure.

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Definitions:

Accounts Receivable

Financial obligations of customers towards a business for delivered but unsettled goods or services.

Special Journal

A type of accounting journal designed for recording a specific category of transactions, such as sales or purchases, to increase efficiency and organization.

Purchases Account

An account used in accounting to track the total cost of goods and materials purchased for production or sale.

Sales Returns

Transactions where customers return previously purchased merchandise, leading to a deduction from a company's revenue.