Educational loan spent on nothing?

[Colin Law]

2010/10/16 Paweł Zając <pavzaj at gmail.com>:
> Hello,
> I've started using gnucash about 6 months ago. I have taken educational loan
> during my studies and spent it all before I've started using gnucash. But
> soon I need to start paying my loan off. This loan is not yet recorded in
> gnucash, but I can't omit it in my personal finances. However if I record
> this loan there would be no purchase transactions to balance it. What can I
> do with this issue?

You can just start a new account with a negative opening balance to
represent the loan.

Colin