Deloitte Article Trainee Interview Questions and Answers

It was logical reasoning related to quantitative and qualitative questions

Q1. It was telephonic interview with lots of technical questions
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Q1. The last round was with partner
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It was good and relevant

Q1. Why do you want to intern with KPMG
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Q2. How will you perform under pressure
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Q1. Tell me about yourself
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Q2. Strength and weakness
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Q1. What is tds ? How is it different from tcs
Ans. 
TDS stands for Tax Deducted at Source, while TCS stands for Tax Collected at Source. Both are types of taxes collected by the government.
• TDS is deducted by the payer at the time of making payment to the payee, while TCS is collected by the seller from the buyer at the time of sale of goods.

• TDS is applicable on various types of income like salary, interest, commission, etc., while TCS is applicable on the sale of certai...read more
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Q1. Introduce yourself
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I am a dedicated and hardworking individual with a passion for accounting and finance.
• Graduate in Accounting from XYZ University

• Completed internship at ABC Accounting Firm

• Proficient in MS Excel and Tally software

• Strong analytical and problem-solving skills
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Q2. Rate your excel skill
Ans. 
I rate my Excel skills as advanced.
• Proficient in creating complex formulas and functions

• Skilled in data analysis and visualization using pivot tables and charts

• Experienced in VBA programming for automation tasks
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Q1. Tell me about yourself other than listed in resume?
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Q2. Where do you see post qualification?
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Topic given was Audit Trail

Q1. Asked about AS 9 i..e. revenue recognition
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Q1. TDS rates of various services
Ans. 
TDS rates vary for different services as per Income Tax Act.
• TDS rate for professional fees is 10%

• TDS rate for rent is 10% if the annual rent exceeds Rs. 1,80,000

• TDS rate for commission or brokerage is 5%
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Q2. Case study on PGBP etc
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Q1. How would you audit Trade receivables
Ans. 
Trade receivables are audited by verifying the existence, valuation, and rights of the receivables.
• Verify the existence of trade receivables by confirming with customers through direct communication or third-party confirmations.

• Assess the valuation of trade receivables by reviewing the aging schedule and assessing the likelihood of collection.

• Examine the rights associated with trade receivables by reviewing contracts, ...read more
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Q2. Simple external confirmations would work along with management authorisation letter to ask the information from the clients and also vouching the sales and terms pf payment agreement specific to the credit...read more
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