Educational loan spent on nothing?

[Robin Chattopadhyay]

I treated my student loans as a DEBIT to an Equity account and CREDIT to the
student loan liability.

Payments, then, are a CREDIT to the asset account where the payment comes
from and DEBITs to the loan account and the interest expense.

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?
>
> Regards
> Paweł Zając
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