Accounting

In the world of accounting and finance, rule-based systems are like the guiding stars in the night sky, helping navigate through complex financial data and transactions. But what exactly are rule-based systems, and how do they work? Let’s embark on a simplified journey to explore this essential concept. Rule-based systems are essentially sets of if-then […]

Introduction to Running-Account Credit: Running-account credit is a financial arrangement in which a customer is provided with a line of credit by a lender, allowing them to make purchases or withdrawals up to a predetermined credit limit. It is a common form of credit offered by banks, financial institutions, and retailers, providing customers with flexibility