Payment stop by drawer

In  Tally  you have  no option but to  pass entry  in Payment  ( Alt 5 )  to nullify receipt  entry . Write all details in narration .  

Your  first  cheque receipt  entry  ( Alt F6)  in Tally 

Bank  A/c   Dr 

To Debtors  A/c Cr 

( cheque received ) 

Cheque  Dishonoured  entry 

Debtors   A/c   Dr 

To Bank   A/c  Cr 

( Cheque  Dishonoured  due to payment  stop by  Drawer )