We look at the division of 264676 by 48 
Let's see how many times 48 fits into 264676.

Moving on to step 1:
2 divided by 48 is 0 with a remainder of 2.
Put 0 as the next digit of the answer. 
Result so far: 0.0
Deduct 0 from 2 and we're left with 2.
Fetch the next digit (6) from the dividend, attach it to 2 and continue: 26 / 48

Moving on to step 2:
The number 48 fits into 26 0 times, leaving a remainder of 26.
The number 0 becomes the next digit in our result. 
Result so far: 0.0
Subtract 0 from 26 to get 26.
Include the next digit (4) from the dividend after 26, then repeat: 264 / 48

On to step 3:
48 goes into 264 5 times with a remainder of 24.
Put 5 as the next digit of the answer. 
Result so far: 5.0
If we take 240 away from 264, we end up with 24.
Append the next digit (6) from the dividend to 24 and continue with: 246 / 48

Let's proceed to step 4:
If we divide 246 by 48, we get 5 and a remainder of 6.
Use 5 as the next digit of our solution. 
Result so far: 55.0
If we take 240 away from 246, we end up with 6.
Include the next digit (7) from the dividend after 6, then repeat: 67 / 48

Going ahead to step 5:
If we divide 67 by 48, we get 1 and a remainder of 19.
The next digit of our result is 1. 
Result so far: 551.0
Deduct 48 from 67 and we're left with 19.
Take the next digit (6) from the dividend and append it to 19, then repeat: 196 / 48

Advancing to step 6:
If we divide 196 by 48, we get 4 and a remainder of 4.
The next digit of our result is 4. 
Result so far: 5514.0
If we take 192 away from 196, we end up with 4.
Since there are no more digits in the dividend, we add a zero to the remainder making it 40, and continue the process.

On to step 7:
The number 48 fits into 40 0 times, leaving a remainder of 40.
Record the quotient 0 as the next digit in the result. 
Result so far: 5514.0
Subtract 0 from 40 to get 40.
Since there are no more digits in the dividend, we add a zero to the remainder making it 400, and continue the process.

Step 8:
When dividing 400 by 48, we get 8 with a remainder of 16.
Write down 8 as next digit of the result. 
Result so far: 5514.08
Deduct 384 from 400 and we're left with 16.
Since there are no more digits in the dividend, we add a zero to the remainder making it 160, and continue the process.

On to step 9:
If we divide 160 by 48, we get 3 and a remainder of 16.
Record the quotient 3 as the next digit in the result. 
Result so far: 5514.083
Subtract 144 from 160 to get 16.
Since there are no more digits in the dividend, we add a zero to the remainder making it 160, and continue the process.

Advancing to step 10:
If we divide 160 by 48, we get 3 and a remainder of 16.
Put 3 as the next digit of the answer. 
Result so far: 5514.0833
If we subtract 144 from 160, we get 16.
Since there are no more digits in the dividend, we add a zero to the remainder making it 160, and continue the process.

In conclusion, the division gives 5514.0833 with a balance of 0.00016.