Receipt voucher posted in tally through F6 receipt voucher. Only cash and bank receipt can be posted through this option. No other voucher can be accounted using this option. The rule is simple. Debit the cash or bank (If you receive a cheque) and credit the person who issued cash/cheque to you.

Inter cash/bank transactions are known as contra and there is 3 way to deal with such vouchers in tally.Using single entry method and using contra as payment/receipts voucher is the most appropriate way to record such transactions as per my experience