We're dividing 54608311 by 123 
Let's see how many times 123 fits into 54608311.

Moving on to step 1:
123 goes into 5 0 times with a remainder of 5.
Put 0 as the next digit of the answer. 
Result so far: 0.0
Subtracting 0 from 5 leaves us with 5.
Fetch the next digit (4) from the dividend, attach it to 5 and continue: 54 / 123

Let's proceed to step 2:
If we divide 54 by 123, we get 0 and a remainder of 54.
Use 0 as the next digit of our solution. 
Result so far: 0.0
The remainder is 54 after subtracting 0 from 54.
Grab the next digit (6) from the dividend, add it to 54, then carry on: 546 / 123

Advancing to step 3:
123 can be fit into 546 4 times, resulting in a remainder of 54.
Record the quotient 4 as the next digit in the result. 
Result so far: 4.0
Deduct 492 from 546 and we're left with 54.
Include the next digit (0) from the dividend after 54, then repeat: 540 / 123

Advancing to step 4:
123 can be fit into 540 4 times, resulting in a remainder of 48.
Write down 4 as next digit of the result. 
Result so far: 44.0
If we take 492 away from 540, we end up with 48.
Bring next digit (8) of the dividend behind the 48 and repeat the process: 488 / 123

Moving on to step 5:
If we divide 488 by 123, we get 3 and a remainder of 119.
Put 3 as the next digit of the answer. 
Result so far: 443.0
Subtracting 369 from 488 leaves us with 119.
Take the next digit (3) from the dividend and append it to 119, then repeat: 1193 / 123

Going ahead to step 6:
The number 123 fits into 1193 9 times, leaving a remainder of 86.
Record the quotient 9 as the next digit in the result. 
Result so far: 4439.0
Subtract 1107 from 1193 to get 86.
Take the next digit (1) from the dividend and append it to 86, then repeat: 861 / 123

Moving on to step 7:
The number 123 fits into 861 7 times, leaving a remainder of 0.
Put 7 as the next digit of the answer. 
Result so far: 44397.0
Subtracting 861 from 861 leaves us with 0.
Bring next digit (1) of the dividend behind the 0 and repeat the process: 1 / 123

Step 8:
The number 123 fits into 1 0 times, leaving a remainder of 1.
Put 0 as the next digit of the answer. 
Result so far: 443970.0
The remainder is 1 after subtracting 0 from 1.
Since there are no more digits in the dividend, we add a zero to the remainder making it 10, and continue the process.

Moving on to step 9:
When dividing 10 by 123, we get 0 with a remainder of 10.
The next digit of our result is 0. 
Result so far: 443970.0
Subtracting 0 from 10 leaves us with 10.
Since there are no more digits in the dividend, we add a zero to the remainder making it 100, and continue the process.

Advancing to step 10:
When dividing 100 by 123, we get 0 with a remainder of 100.
The number 0 becomes the next digit in our result. 
Result so far: 443970.0
The remainder is 100 after subtracting 0 from 100.
Since there are no more digits in the dividend, we add a zero to the remainder making it 1000, and continue the process.

In conclusion, the division gives 443970.0 with a balance of 0.1.