If $A$ is a ring, $S$ a multiplicative set and $I$ an ideal, write $T$ for the image of $S$ in $A / I$. Then $T^{-1}(A/I) \cong S^{-1}A/S^{-1}I$ and in particular, for a prime ideal $P$ we have that $A_P/PA_P$ is isomorphic to Frac$(A/P)$.
My question is regarding the proof, it says: "The quotient ring $A/I$ can be viewed as an $A$-module and then the ring of fractions $T^{-1}(A/I)$ equals the module of fractions $S^{-1}(A/I)$"
Can someone explain to me why the ring of fractions equals the module of fractions? I cant see this, I think I am missing something simple.
You get this even on a set level as $$T^{-1}(A/I) = \{[a]_I/[s]_I;~a ∈ A,~s ∈ S\} = \{1/s·[a]_I;~a ∈ A,~s ∈ S\} = S^{-1}(A/I),$$ if you believe that the $A$-module structure on $T^{-1}(A/I)$ can be extended to a $S^{-1}A$-module structure by setting $1/s·[a]_I = [a]_I/[s]_I$.
But this follows (for example) from the universal property of localizations, viewing the module structure on $T^{-1}(A/I)$ as a ring homomorphism $$A → \mathrm{End}(T^{-1}(A/I)),~ a ↦ ([a]_I/[1]_I~·~),$$ noticing that multiplication by elements of $S$ becomes invertible.
Probably you can also convince yourself of this in some other direct way.