Kloud Connect Tech Interview Questions and Answers

Depreciation is the allocation of the cost of tangible assets over their useful life, while amortization is the allocation of the cost of intangible assets over their useful life.

• Depreciation applies to tangible assets like buildings, machinery, and vehicles.

• Amortization applies to intangible assets like patents, copyrights, and trademarks.

• Depreciation is usually calculated using methods like straight-line or declining...read more

Direct tax is a tax paid directly by an individual or organization to the government, while indirect tax is a tax imposed on goods and services.

• Direct tax is paid directly by the taxpayer to the government, such as income tax, corporate tax, and property tax.

• Indirect tax is collected by an intermediary (like a retailer) from the person who bears the ultimate economic burden of the tax, such as sales tax, value-added ta...read more

My salary expectations are in line with industry standards and based on my experience and qualifications.

• Research industry standards for Accountant salaries

• Consider my experience and qualifications

• Be open to negotiation based on the overall compensation package

Yes, I am available to join immediately.

• I am available to start immediately

• I can join as soon as required

• I have no notice period to serve

Repo rate is the rate at which the central bank of a country lends money to commercial banks.

• Repo rate is used by central banks to control inflation and liquidity in the economy.

• A higher repo rate means that banks will have to pay more interest to borrow money from the central bank.

• On the other hand, a lower repo rate encourages banks to borrow more money, leading to increased liquidity in the economy.

• Changes in the re...read more

GST for property is calculated based on the value of the property and the applicable GST rate.

• Calculate the value of the property including any additional costs such as renovations or improvements.

• Determine the applicable GST rate for the property type (e.g. residential, commercial).

• Multiply the property value by the GST rate to calculate the GST amount.

• Add the GST amount to the property value to get the total cost inc...read more