The rules defined under rule set InvoiceApprovalRuleSet did not return any results; Error (FUN-72033

When we initiate invoice approval, it is getting rejected and the following error was displayed:

The rules defined under rule set InvoiceApprovalRuleSet did not return any results. (FUN-720336)

Cause Probable causes includes a participant does not have any active rules, no matching rule exists, the rule definition is incorrect, or none of the rules evaluates to true.

Action Correct the rule definitions under the rule set.

Could any one please suggest the solution for the above issue.