Question

explain conversion method with an example ​

Answer 1

Answer:

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Explanation:

The conversion method is the process of converting a business's accounting from single-entry to double-entry. New small businesses often use single-entry bookkeeping as a quick and simple way to record their income and expenses. Single-entry bookkeeping only uses three accounts: bank, cash and personal.

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Answer 2

Answer:

Let's start with a simple example: convert 3 km to m (3 kilometers to meters). There are 1000 m in 1 km, so the conversion is easy, but let's follow a system.

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Example 1:

• Write the conversion as a fraction that equals 1.
• Multiply it out (leaving all units in the answer)
• Cancel any units that are both top and bottom.

Explanation:

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