diff --git a/hledger-lib/hledger_journal.m4.md b/hledger-lib/hledger_journal.m4.md
index 660ae32b0..b5365a98b 100644
--- a/hledger-lib/hledger_journal.m4.md
+++ b/hledger-lib/hledger_journal.m4.md
@@ -743,7 +743,7 @@ so here is a table summarising the directives and their effects, with links to m
| [`apply account`] | `end apply account` | | prepend a common parent to account names | following inline/included entries until end of current file or end directive
| [`comment`] | `end comment` | | ignore part of journal | following inline/included entries until end of current file or end directive
| [`commodity`] | | `format` | declare a commodity and its number notation & display style | number notation: following entries in that commodity in all files;
display style: amounts of that commodity in reports
-| [`D`] | | | declare a commodity, number notation & display style for commodityless amounts | commodity: all commodityless entries in all files;
number notation: following commodityless entries and entries in that commodity in all files;
display style: amounts of that commodity in reports
+| [`D`] | | | declare a commodity to be used for commodityless amounts, and its number notation & display style | default commodity: following commodityless entries until end of current file;
number notation: following entries in that commodity until end of current file;
display style: amounts of that commodity in reports
| [`include`] | | | include entries/directives from another file | what the included directives affect
| [`P`] | | | declare a market price for a commodity | amounts of that commodity in reports, when -V is used
| [`Y`] | | | declare a year for yearless dates | following inline/included entries until end of current file