We look at the division of 703418 by 12 
Let's see how many times 12 fits into 703418.

Going ahead to step 1:
When dividing 7 by 12, we get 0 with a remainder of 7.
Write down 0 as next digit of the result. 
Result so far: 0.0
If we subtract 0 from 7, we get 7.
Bring next digit (0) of the dividend behind the 7 and repeat the process: 70 / 12

Moving on to step 2:
If we divide 70 by 12, we get 5 and a remainder of 10.
Record the quotient 5 as the next digit in the result. 
Result so far: 5.0
Deduct 60 from 70 and we're left with 10.
Bring next digit (3) of the dividend behind the 10 and repeat the process: 103 / 12

Step 3:
103 divided by 12 is 8 with a remainder of 7.
Write down 8 as next digit of the result. 
Result so far: 58.0
Subtract 96 from 103 to get 7.
Take the next digit (4) from the dividend and append it to 7, then repeat: 74 / 12

Let's proceed to step 4:
The number 12 fits into 74 6 times, leaving a remainder of 2.
The number 6 becomes the next digit in our result. 
Result so far: 586.0
If we subtract 72 from 74, we get 2.
Fetch the next digit (1) from the dividend, attach it to 2 and continue: 21 / 12

Advancing to step 5:
21 divided by 12 is 1 with a remainder of 9.
Put 1 as the next digit of the answer. 
Result so far: 5861.0
Subtracting 12 from 21 leaves us with 9.
Bring next digit (8) of the dividend behind the 9 and repeat the process: 98 / 12

On to step 6:
98 divided by 12 is 8 with a remainder of 2.
Use 8 as the next digit of our solution. 
Result so far: 58618.0
Subtract 96 from 98 to get 2.
Since there are no more digits in the dividend, we add a zero to the remainder making it 20, and continue the process.

Moving on to step 7:
12 can be fit into 20 1 times, resulting in a remainder of 8.
Record the quotient 1 as the next digit in the result. 
Result so far: 58618.1
If we subtract 12 from 20, we get 8.
Since there are no more digits in the dividend, we add a zero to the remainder making it 80, and continue the process.

Let's proceed to step 8:
The number 12 fits into 80 6 times, leaving a remainder of 8.
Record the quotient 6 as the next digit in the result. 
Result so far: 58618.16
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.

Step 9:
When dividing 80 by 12, we get 6 with a remainder of 8.
The number 6 becomes the next digit in our result. 
Result so far: 58618.166
The remainder is 8 after subtracting 72 from 80.
Since there are no more digits in the dividend, we add a zero to the remainder making it 80, and continue the process.

The final result is 58618.166 with a remainder of 0.0008.