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diff --git a/doc/ledger3.texi b/doc/ledger3.texi
index 62869a29..4dc3f48f 100644
--- a/doc/ledger3.texi
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@@ -7740,7 +7740,7 @@ The market value of a posting or an account, without its children.
The net gain (market value minus cost basis), for a posting or an
account, without its children. It is the same as @samp{v-b}.
-@item l
+@item depth
The depth (``level'') of an account. If an account has one parent,
its depth is one.