Journal Voucher in Tally is used to make all adjustment entries as well as you can make credit purchases or sold any fixed assets entries by F7 key.
Purchase voucher in Tally is used to make all credit purchases goods entries apart that you can also make cash purchases entries from this voucher in Tally
Receipt Voucher in Tally used to receive Cash or Cheque or DD against any credit sales from customer or you can also use for received any income entries.
Payment voucher in Tally is used to pay any expenses or pay amount to any party against credit purchases by Cash / Cheque or DD.
Contra Voucher in Tally is used to deposited cash into bank, withdrawal cash from bank and also transfer fund from one bank account to another bank account.
There are two Voucher Types in Tally – Accounting and Inventory. Accounting vouchers effect on current accounting while Inventory vouchers effect on stock.