206766 ÷ 48 
We want to figure out the number of times 206766 can be divided by 48.

Let's proceed to step 1:
The number 48 fits into 2 0 times, leaving a remainder of 2.
Write down 0 as next digit of the result. 
Result so far: 0.0
Subtract 0 from 2 to get 2.
Include the next digit (0) from the dividend after 2, then repeat: 20 / 48

Advancing to step 2:
48 goes into 20 0 times with a remainder of 20.
Use 0 as the next digit of our solution. 
Result so far: 0.0
If we take 0 away from 20, we end up with 20.
Include the next digit (6) from the dividend after 20, then repeat: 206 / 48

Advancing to step 3:
The number 48 fits into 206 4 times, leaving a remainder of 14.
The number 4 becomes the next digit in our result. 
Result so far: 4.0
Subtracting 192 from 206 leaves us with 14.
Fetch the next digit (7) from the dividend, attach it to 14 and continue: 147 / 48

Step 4:
The number 48 fits into 147 3 times, leaving a remainder of 3.
Record the quotient 3 as the next digit in the result. 
Result so far: 43.0
Subtracting 144 from 147 leaves us with 3.
Include the next digit (6) from the dividend after 3, then repeat: 36 / 48

On to step 5:
If we divide 36 by 48, we get 0 and a remainder of 36.
The next digit of our result is 0. 
Result so far: 430.0
The remainder is 36 after subtracting 0 from 36.
Fetch the next digit (6) from the dividend, attach it to 36 and continue: 366 / 48

Step 6:
48 can be fit into 366 7 times, resulting in a remainder of 30.
The number 7 becomes the next digit in our result. 
Result so far: 4307.0
Subtracting 336 from 366 leaves us with 30.
Since there are no more digits in the dividend, we add a zero to the remainder making it 300, and continue the process.

Step 7:
48 goes into 300 6 times with a remainder of 12.
The next digit of our result is 6. 
Result so far: 4307.6
If we take 288 away from 300, we end up with 12.
Since there are no more digits in the dividend, we add a zero to the remainder making it 120, and continue the process.

Advancing to step 8:
The number 48 fits into 120 2 times, leaving a remainder of 24.
Record the quotient 2 as the next digit in the result. 
Result so far: 4307.62
The remainder is 24 after subtracting 96 from 120.
Since there are no more digits in the dividend, we add a zero to the remainder making it 240, and continue the process.

Advancing to step 9:
If we divide 240 by 48, we get 5 and a remainder of 0.
Write down 5 as next digit of the result. 
Result so far: 4307.625
The remainder is 0 after subtracting 240 from 240.
Since there are no more digits in the dividend, we add a zero to the remainder making it 0, and continue the process.

Moving on to step 10:
If we divide 0 by 48, we get 0 and a remainder of 0.
Record the quotient 0 as the next digit in the result. 
Result so far: 4307.625
Subtracting 0 from 0 leaves us with 0.
Since there are no more digits in the dividend, we add a zero to the remainder making it 0, and continue the process.

Advancing to step 11:
The number 48 fits into 0 0 times, leaving a remainder of 0.
The number 0 becomes the next digit in our result. 
Result so far: 4307.625
The remainder is 0 after subtracting 0 from 0.
Since there are no more digits in the dividend, we add a zero to the remainder making it 0, and continue the process.

In conclusion, the division gives 4307.625 with a balance of 0.0.