diff --git a/NEWS b/NEWS
index 3176676b..e1845bb8 100644
--- a/NEWS
+++ b/NEWS
@@ -8,6 +8,8 @@ Very few new features:
 - Added --no-cache option, to always ignore any binary cache file
 - `ledger-reconcile' (in ledger.el) no longer asks for a number of days
 - Fixed %.XY format, where X is shorter than the string generated by Y
+- New directive for text files: "D <COMM>" specifies the default commodity
+  used by the entry command
 
 * 2.0
 
diff --git a/ledger.texi b/ledger.texi
index e7f064b5..9ba41e1e 100644
--- a/ledger.texi
+++ b/ledger.texi
@@ -2343,6 +2343,14 @@ defaults to @file{~/.pricedb}.  The syntax for this command is:
 N SYMBOL
 @end example
 
+@item D SYMBOL
+The @command{entry} command will use the given commodity as the
+default when none other can be determined.  The syntax for this
+command is:
+@example
+D SYMBOL
+@end example
+
 @item i, o, b, h
 These four relate to timeclock support, which permits ledger to read
 timelog files.  See the timeclock's documentation for more info on the