Deloitte Tax Consultant 1 Interview Questions and Answers

Versant English, can refer youtube for that

Financial accounting, logical reasoning & excel 30 + 30 + 15 questions, you get 75 mins to solve, refer the youtube channel "the aptitude guy"

Q1. Take me through your resume, tell me about you family, internship experience
Ans. 
I have a strong background in tax consulting with internship experience and a supportive family.
• I have a Bachelor's degree in Accounting and Finance

• Completed a tax consulting internship at XYZ firm

• Family is supportive of my career goals and education
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Q1. Journal entries
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Q2. Golden rules & accounting concepts
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Q3. Situation based question
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Q1. Mixture of both technical & HR
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Communication assessment round

Q1. Accounting equation
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Q2. Why equity is a liability
Ans. 
Equity is not a liability, it represents the ownership interest in a company.
• Equity represents the ownership interest in a company, not a liability.

• Liabilities are obligations or debts that a company owes to external parties.

• Equity is shown on the balance sheet as the difference between assets and liabilities.

• Common examples of equity include common stock, preferred stock, and retained earnings.
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Q3. How accounting equation derived
Ans. 
The accounting equation is derived from the fundamental principle that assets must equal liabilities plus equity.
• The accounting equation is Assets = Liabilities + Equity

• It shows the relationship between a company's resources (assets) and the claims against those resources (liabilities and equity)

• It is the foundation of double-entry accounting

• The equation must always balance, meaning that the total assets must equal the
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Q1. Personal information
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Q2. Strengths , achievements
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Q3. Willing to work for 14 hours during peak season
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Q4. Why leaving previous organisation
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Vercent round
Aptitude test which included english excel and accounting

Q1. Tell me about yourself
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Q2. Why do you want to join Deloitte
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Q3. Situation based questions
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Q4. Three golden rule of accounting
Ans. 
The three golden rules of accounting are the rules of debit and credit, which are: 1. Debit what comes in, credit what goes out. 2. Debit the receiver, credit the giver. 3. Debit expenses and losses, credit income and gains.
• Debit what comes in, credit what goes out

• Debit the receiver, credit the giver

• Debit expenses and losses, credit income and gains
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Q5. Resume related questions
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Q1. Why Deloitte? Or why do you want to join Deloitte?
Ans. Check the Deloitte official website and highlight the success journey of Deloitte with facts and figures.
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Q2. Where do you see your self in next 1/5/10 years?
Ans. See the career growth cycle of the profile you are applying for and relate it to the period mentioned in the question.
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Q3. Self introduction will be asked.
Ans. Start with your info mentioned in the resume nd then say something interesting about you which you didn’t mention in your resume, then highlight your career accomplishments and then end with your family details.
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Q4. Problem solving and decision making questions.
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Q5. Technical questions relating to the job profile.
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Prepare from Indiabix website for better practice and to cover wide range of concepts.

Q1. Questions in the Hr round will be to check / test your decision making , problem solving skills and confidence.
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Q1. Related to the technical aspects for the job profile.
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