Use the following information to answer the given question: SALES LEDGER CONTROL ACCOUNT
$\begin{array}{cccccc}1986& & N& 1986& & N\\ Jan.1& \text{Balance b/d}& 1,300& Jan.1& \text{Balance b/d}& 86\\ 31& sales& 7,630& & bank& 6,555\\ & \text{dishonoured cheques}& 250& & discount& 345\\ & \text{stopped cheques}& 100& & returns& 130\\ & \text{balance c/d}& 92& & \text{Purchases ledger}& 360\\ & & & & \text{balance c/d}& 1,896\\ & & 9,372& & & 9,372\\ Feb.1& \text{balance b/d}& 1,896& Feb.1& \text{balance b/d}& 92\end{array}$
The balance of the provision for depreciation account is shown in the

A. trial balance as a debit
B. trial balance as a credit
C. balance sheet as a fixed asset
D. balance sheet as a ling term liability
E. balance sheet as a current liability  

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Correct Answer: E