Payment after adding Reversal Voucher

We have added a voucher which is approved, Posted and paid. Payment is also posted and now would like to make reversal voucher.

For this we can add a reversal voucher and post it. It will create reversal accounting entries. But what would be about payment? Do we need to cancel payment from the regular voucher? Also, do we need to add payment in reversal voucher or what else?

What will happen if we select "Reverse Voucher" option when adding reversal voucher.