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Can anyone explain to me, how magento cron_schedule exactly runs?

Can anyone explain to me, how magento cron_schedule exactly runs?

When I'm rying to run cron.php of Magento then some jobs created in cron_schedule table of magento ? Can anyone let me know howexactly  Magento execute these jobs ? What I want to figure out is how job status is changed from pending to success? Cron.php only insert jobs in the table not execute jobs

Thx