Deloitte Interview Questions, Process, and Tips

Q1. Journal entry for prepaid expenses
Ans. 
Journal entry for prepaid expenses involves debiting Prepaid Expense account and crediting Cash or Bank account.
• Debit Prepaid Expense account to record the expense paid in advance

• Credit Cash or Bank account to show the decrease in cash due to prepayment

• Prepaid expenses are considered assets until they are used up or expire

• Example: Journal entry for prepaid rent - Debit Prepaid Rent, Credit Cash/Bank
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Q2. What is bank reconciliation
Ans. 
Bank reconciliation is the process of comparing a company's records with those of its bank to ensure they match.
• Bank reconciliation involves comparing the company's records of its financial transactions with the bank's records.

• It helps identify any discrepancies such as missing transactions, errors, or fraudulent activity.

• The process involves adjusting the company's records to match the bank's records by reconciling an...read more
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Q1. Error handling in javascript
Ans. 
Error handling in JavaScript involves using try-catch blocks to handle exceptions and prevent crashes.
• Use try-catch blocks to catch and handle errors

• Throw custom errors using throw keyword

• Use finally block to execute code regardless of errors

• Handle asynchronous errors using .catch() method in promises
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Q2. Closure and hoisting
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Q1. How to handle code
Ans. 
Code should be handled carefully to ensure readability, maintainability, and efficiency.
• Use consistent naming conventions for variables, functions, and classes.

• Comment code to explain complex logic or algorithms.

• Break down large chunks of code into smaller, more manageable functions or modules.

• Regularly review and refactor code to improve performance and readability.
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Q2. How to handle team
Ans. 
Handling a team involves effective communication, delegation, motivation, and conflict resolution.
• Communicate clearly and regularly with team members to ensure everyone is on the same page.

• Delegate tasks based on team members' strengths and skills to maximize efficiency.

• Motivate team members by recognizing their achievements and providing opportunities for growth.

• Resolve conflicts promptly and fairly to maintain a posi...read more
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Q1. Sort employee by name using java8
Ans. 
Use Java 8 streams and lambda expressions to sort a list of employees by name.
• Create a list of Employee objects with names.

• Use stream() method to convert the list to a stream.

• Use sorted() method with Comparator.comparing() to sort by name.

• Collect the sorted stream back to a list.
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Q2. What is immutable
Ans. 
An immutable object is an object whose state cannot be modified after it is created.
• Immutable objects are often used in functional programming to ensure data integrity.

• Examples of immutable objects include String, Integer, and Tuple in Python.

• Immutable objects are thread-safe and can be shared across multiple threads without the risk of data corruption.
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Q3. What is monolithic andmicroservices
Ans. 
Monolithic architecture is a single-tiered software application where all components are tightly coupled, while microservices architecture is a distributed approach where the application is broken down into smaller, independent services.
• Monolithic architecture: all components are tightly coupled in a single-tiered application

• Microservices architecture: application is broken down into smaller, independent services

• Monoli...read more
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Q1. System design of university
Ans. 
The system design for a university involves various components such as student information systems, course management systems, and communication platforms.
• Student information systems to manage student records, registration, and academic progress

• Course management systems for scheduling classes, assigning instructors, and tracking grades

• Communication platforms for students, faculty, and staff to interact and share inform...read more
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Q2. Angular form code, sql joins
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It was not that easy

Q1. What is deferred tax
Ans. 
Deferred tax is a liability or asset that arises from the difference between accounting income and taxable income.
• Deferred tax is the tax effect of temporary differences between accounting income and taxable income.

• It can be a liability if taxable income is greater than accounting income, or an asset if the reverse is true.

• Examples include depreciation expenses and revenue recognition timing differences.

• Deferred tax li...read more
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Q2. Journals entries
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Q1. Situation based question
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Q2. Who is the rbi governor
Ans. 
Shaktikanta Das is the current RBI Governor.
• Shaktikanta Das was appointed as the 25th Governor of the Reserve Bank of India in December 2018.

• He has previously served as the Economic Affairs Secretary and Revenue Secretary of India.

• As RBI Governor, he has focused on maintaining financial stability and supporting economic growth.
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