[boillardt]

How do I balance a general ledger that has only credit entries?

[Unknown008]

How can you have a general ledger without any debit entries? :confused:

If one makes expenditure, one have to have some money beforehand, be it from capital, from loan of through other facilities, which brings it back to creating a certain debit entry. Either that, or there is some debit balance brought from previous accounts.

[pready]

You can't, as for every journal entry your debit entry amounts must equal your credit entry amounts.

For example: An owner invested cash into to business. Your journal entry will be;
Debit Cash for the amount invested
Credit the owners Capital account for the same amount.

Another example: Purchased a vehicle for $30,000 with a $5,000 deposit and the rest on a note. Your journal entry will be;
Debit Vehicle for 30,000
Credit Cash for 5,000
Credit Notes Payable for 25,000

In this example your debits and credits equal 30,000 even though you have 2 credit entries and only 1 debit entry. This is known as a compound journal entry and is correct.