Interest begins accruing on a __<span> cash advance </span>___ the day of the transaction .As interest is the <span>money that is paid regularly at a particular rate for the use of money lent </span>A __<span>posting date</span>___ is when a payment is credited to an account. its the date at which money is being transected from bank so correct option is B hope it helps
The average collection period represents the typical number of days between the date a credit sale is formed and the date the purchaser pays for that sale.
The average collection period is the amount of time it takes for a business to receive payments owed by its clients.
Companies calculate the typical collection period to make sure they have enough cash available to satisfy their financial obligations.
The average collection period is calculated by dividing the typical balance of account receivables by total net credit sales for the amount and multiplying the quotient by the amount of days within the period.