Northing is Y, Easting is X. You're simply entering a coordinate. You can create a point with the point creation tools, or you can draw a line from X,Y to some arbitrary location. Or, if you want to entre them by northing/easting, you can use the 'NE transparent command. There are many, many ways that you can verify this point.
Jason Hickey Premium Services Specialist Autodesk, Inc.