1) The thing that surprised me most was how many accounting principles went into this chapter, and how much accounting truly goes into entrepreneurship. It is not something I usually think about!
2) None of this is really confusing to me, as I have already taking Financial and Managerial accounting. Both of these classes prepared me well enough that the information in this chapter makes sense.
3) If I could ask the author two questions, I would ask:
"Is it possible to be a good entrepreneur without knowing much about the financial aspect of the business?"
"Is it easy to learn finances as you go, through trial and error?"
4) I really don't think the author was wrong about anything. He explained each accounting principle clearly in a way that was easy for me to understand and recall.
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