Accounting question for cash balance

This discussion addresses an accounting query regarding a business person's purchase of a new apartment. The individual had a cash balance of Rs 25 lacs but the apartment cost Rs 30 lacs, leading to a Rs 5 lacs shortfall. The core question is how to account for this cash balance increase and whether 'cash on hand' includes bank balances. The consensus is that significant property purchases should always be conducted through banking channels like cheques or NEFT/RTGS, not with physical cash.