interest on advance payment

Deepesh Jain (C.A (May 11 Batch)) (104 Points)

14 May 2010  

As per AS 10 interest is to be capitalised tilll the asset is aquired or completed

but what will be the treatment if the asset is acquired in next year

i.e what to do of interest on advance payment in current year show it asa asset suspemse account

if we just capitalise the interest part than how can we show it in 3cd asset wise  detail