700340 divided by 12 
We want to divide 700340 by 12.

Moving on to step 1:
The number 12 fits into 7 0 times, leaving a remainder of 7.
The number 0 becomes the next digit in our result. 
Result so far: 0.0
Subtracting 0 from 7 leaves us with 7.
Take the next digit (0) from the dividend and append it to 7, then repeat: 70 / 12

Step 2:
If we divide 70 by 12, we get 5 and a remainder of 10.
Put 5 as the next digit of the answer. 
Result so far: 5.0
The remainder is 10 after subtracting 60 from 70.
Append the next digit (0) from the dividend to 10 and continue with: 100 / 12

Advancing to step 3:
100 divided by 12 is 8 with a remainder of 4.
Put 8 as the next digit of the answer. 
Result so far: 58.0
Subtract 96 from 100 to get 4.
Include the next digit (3) from the dividend after 4, then repeat: 43 / 12

Let's proceed to step 4:
12 goes into 43 3 times with a remainder of 7.
Use 3 as the next digit of our solution. 
Result so far: 583.0
Deduct 36 from 43 and we're left with 7.
Take the next digit (4) from the dividend and append it to 7, then repeat: 74 / 12

Advancing to step 5:
74 divided by 12 is 6 with a remainder of 2.
Put 6 as the next digit of the answer. 
Result so far: 5836.0
Deduct 72 from 74 and we're left with 2.
Fetch the next digit (0) from the dividend, attach it to 2 and continue: 20 / 12

Step 6:
When dividing 20 by 12, we get 1 with a remainder of 8.
Put 1 as the next digit of the answer. 
Result so far: 58361.0
The remainder is 8 after subtracting 12 from 20.
Since there are no more digits in the dividend, we add a zero to the remainder making it 80, and continue the process.

Going ahead to step 7:
80 divided by 12 is 6 with a remainder of 8.
Record the quotient 6 as the next digit in the result. 
Result so far: 58361.6
If we take 72 away from 80, we end up with 8.
Since there are no more digits in the dividend, we add a zero to the remainder making it 80, and continue the process.

Step 8:
If we divide 80 by 12, we get 6 and a remainder of 8.
Record the quotient 6 as the next digit in the result. 
Result so far: 58361.66
Subtracting 72 from 80 leaves us with 8.
Since there are no more digits in the dividend, we add a zero to the remainder making it 80, and continue the process.

In conclusion, the division gives 58361.66 with a balance of 0.008.