Write down the equation for cross-multiplication --- a*d = b*c.
Substitute the fractions' numerators for a and b, and the fractions' corresponding denominators for c and d --- when combined, the variables make up the fractions a/c and b/d. For example, the fractions are 1/4 and 93/372, so a = 1, b = 93, c = 4 and d = 372 and the equation becomes 1 * 372 = 93 * 4.
Multiply the variables and check if the two products are equal --- if they are, then the fractions are equivalent. In the example, 1 * 372 = 372 and 93 * 4 = 372, so 372 = 372 and the fractions are equivalent.