The circulating capital of a business enterprise is classified into

Circulating capital refers to the capital that is used for the day-to-day running of a business. The circulating capital of a business enterprise is classified into different categories based on the type of assets. These categories include: 1. Cash: This refers to the amount of money available in the business for use in daily transactions. 2. Stocks of Raw Materials and Fittings: This refers to the inventory of raw materials and fittings that are used to produce goods for sale. 3. Work-in-Progress: This refers to goods that are in the process of being manufactured but have not yet been completed. 4. Debtors: This refers to the money owed to the business by its customers. Overall, the circulating capital of a business enterprise is made up of the assets that are necessary for the day-to-day operations of the business.