QUESTION 3 Match the appropriate term and definition. Goods Available for Sale Cost of Goods Sold Equation Shrinkage Purchase Allowance Purchase discount 1 points A cash discount received for prompt payment of a purchase on account. The sum of beginning inventory and purchases for the period. The cost of inventory lost to theft, fraud, and error. Expresses the relationship between inventory on hand, purchased, and sold; shown as either 81 + P - El = CGS or 81 p CGS = EL E' A reduction in the cost of inventory purchases associated with unsatisfactory goods.