For solving the question of single entry system by conversion method we must open many accounts like total debtors account,cash book,total creditors account,account receivable A/C, account payable A/C.
We can solve single entry questions by keeping in mind the treatment of income statement.as it is the conversion of single ntry to double entry so the format would be same but to show double effects at the end of an accounting year we must open many different accounts for finding out missing figures.