C$.$ Decrease an equity account

D$.$ Increase an expense account

$\frac{dr}{dv}$

$11.$ A shareholder loaned the business $$100,000$ to cover initial startup with the agreement the business would repay the principal plus $3\%$ interest in four annual installments after the business reported five profitable years. What type of account would you create to record the receipt of monies from the shareholder?

A$.$ Equity

B$.$ Other current assets

C$.$ Long$-$term Liabilities

D$.$ Income

QuickBooks Online for Canada

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