The notion of seating has different meanings. The term, in general, is associated with furniture that allows sitting, being used as a synonym for a bench, chair or armchair. The concept, anyway, comes from the verb to settle (to sit, to place something firmly, to register).
Accountant, meanwhile, is an adjective that mentions what is related to accounting (the discipline that makes it possible to keep accounts or the aptitude related to the ability to process things like calculations).
According to DigoPaul, an accounting entry, therefore, is the inscription that is made in an accounting book and that allows to record a commercial or economic movement that changes the assets of an organization.
This modification of the entity’s capital can be positive or negative, according to the characteristics of the entry. Typically, the accounting entry record system is developed in a double structure so that movements are recorded in Assets and Liabilities.
The Asset records the income or credits for the entity, while the Liability records the payments, outflows of money and debts. The logic of the double system is that every movement influences at least two accounts (if it increases the asset it reduces the liability and vice versa).
When the entry affects a single account of the Assets and a single account of the Liabilities, it is referred to as a single entry. If, on the other hand, the movement influences other additional registers, it is classified as a compound entry.
It should be noted that the accounting entries may contain different data. The amount of the movement is essential, although the date, which account it affects and a description that summarizes the characteristics of the activity are also usually recorded.