Q.Which is not the default group in Tally ?

Outstanding Expenses Account is not a default group in Tally.

Tally comes with a set of predefined groups (Computerised Accounting System, TN HSC Commerce). Sales Accounts, Suspense Account and Investments are all among these default (built-in) groups. Outstanding Expenses is not a group at all — it is a ledger account that the user creates under the group …