Would i use equity account type in quickbooks to track line of credit accounts where I draw and repay the account?

No, you would not use an equity account type in QuickBooks to track line of credit accounts. Instead, you should use a liability account, specifically a "Credit Card" or "Other Current Liability" account, to properly track the draws and repayments associated with the line of credit. This ensures that your financial statements accurately reflect your obligations and available credit.