I appreciate you for sharing your concern and providing additional details, Pranab. Let me help you create a check in QuickBooks Online (QBO).

The liability accounts you created will appear in the Category column when you record transactions. It's where you choose the correct expense or liability account to categorize the transaction.

In the Check window, the Bank Account field selects the account from which funds will be withdrawn, typically your checking or savings account.

For more details, see this link: Create and record check.

Additionally, run these custom reports in QuickBooks Online to see your company's income and expenses.

We value your business and are committed to ensuring you record the loan correctly. Let me know if you have other questions. I'm here to support you on your journey to financial success.