How the Overdue Transaction and Late Payments would be calculated?

We are on 11i and we are using finance charges adjustment activity to make adjustment to the overdue transaction. So when we run the "Calculate Finance charge" Program. It calculates the finance charges for any Overdue Invoice. But if customer pays the invoice after 10 days and before the second run. 11i does not calculate charges,

But in R12 late charges Oracle Receivables  can access further charges for the additional 10 days. So a new adjustment will be created against the paid Invoice?

Q1. Do a new invoice for the late charges amount will be sent to the customer for additional days taken by customer to pay the invoice?