Acme Company is a wholesaling company. All inventory purchases and inventory sales are made on account. Which of the following statements regarding Acme$$s receivables and payables is not true?

Group of answer choices

a$)$ A purchase on account creates a timing difference between the date the company takes delivery of inventory and receives a bill and the date the company pays cash to the supplier.

b$)$ A decrease in the accounts receivable balance during the year means that cash collections from customers during the year exceed sales on account during the year.

c$)$ An increase in the accounts payable balance during the year means that cash payments to inventory suppliers during the year exceed inventory purchases during the year.

d$)$ A sale on account creates a timing difference between the date the company delivers inventory and invoices the customer and the date the company collects cash from the customer.