I hope this is what you require from the above data:

Declare @sql As Varchar(MAX)

Select @sql = 'Select paymentID, ' + STUFF((Select Distinct ',SUM(Case When Reason = ' + Char(39) + Reason + Char(39) + ' Then (Case When receivedtype = ''Dr'' Then ReceivedAmout Else -1*ReceivedAmout End) Else '''' End) As ' + Reason From paymenthistory FOR XML PATH('')),1,1,'') + ' From paymentHistory Group By paymentID '

print @sql

execute(@sql)

Test the code and see. Hope this helps. 🙂