What will the displayed narration be if a placeholder of [Month-2] - [Month] [Year] is used on a journal dated 1st August 2019?

The placeholder notation [Month-2] - [Month] [Year] is designed to display a range of months along with the specified year based on the journal's date. In this case, the journal is dated 1st August 2019.

To interpret the placeholder:

• [Month] refers to the month of the journal date, which is August.

• [Month-2] refers to the month that is two months prior to August. If you move back two months from August, you go to June.

Therefore, replacing the placeholders yields the narration "June - August 2019", which corresponds to the dates referenced in the journal entry. The combination is significant as it effectively communicates the range of time between two months within the same year, making it clear for anyone reviewing the journal entry how the months relate to each other.