During the course of an audit, the auditor stumbled upon a balance of Rs.12,500 in the Goodwill A/c and ascertained that it had not been written off over a long period. What may the auditor do with it?
1
Advise the concern to write it off
2
Hide it from the management
3
Insist that it be written off the same year
4
Recommend to the concern that it be written off over a period of five years
5
write it off himself