We look at the division of 47263 by 8 
We're looking to find how many times 8 goes into 47263.

Moving on to step 1:
4 divided by 8 is 0 with a remainder of 4.
Write down 0 as next digit of the result. 
Result so far: 0.0
The remainder is 4 after subtracting 0 from 4.
Include the next digit (7) from the dividend after 4, then repeat: 47 / 8

Let's proceed to step 2:
When dividing 47 by 8, we get 5 with a remainder of 7.
Put 5 as the next digit of the answer. 
Result so far: 5.0
The remainder is 7 after subtracting 40 from 47.
Append the next digit (2) from the dividend to 7 and continue with: 72 / 8

Going ahead to step 3:
8 can be fit into 72 9 times, resulting in a remainder of 0.
Use 9 as the next digit of our solution. 
Result so far: 59.0
Deduct 72 from 72 and we're left with 0.
Fetch the next digit (6) from the dividend, attach it to 0 and continue: 6 / 8

On to step 4:
8 goes into 6 0 times with a remainder of 6.
Put 0 as the next digit of the answer. 
Result so far: 590.0
Subtract 0 from 6 to get 6.
Take the next digit (3) from the dividend and append it to 6, then repeat: 63 / 8

Advancing to step 5:
If we divide 63 by 8, we get 7 and a remainder of 7.
The next digit of our result is 7. 
Result so far: 5907.0
Deduct 56 from 63 and we're left with 7.
Since there are no more digits in the dividend, we add a zero to the remainder making it 70, and continue the process.

On to step 6:
8 goes into 70 8 times with a remainder of 6.
The next digit of our result is 8. 
Result so far: 5907.8
If we take 64 away from 70, we end up with 6.
Since there are no more digits in the dividend, we add a zero to the remainder making it 60, and continue the process.

Moving on to step 7:
If we divide 60 by 8, we get 7 and a remainder of 4.
Use 7 as the next digit of our solution. 
Result so far: 5907.87
Subtracting 56 from 60 leaves us 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.

Let's proceed to step 8:
When dividing 40 by 8, we get 5 with a remainder of 0.
Use 5 as the next digit of our solution. 
Result so far: 5907.875
Deduct 40 from 40 and we're left 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.

Moving on to step 9:
If we divide 0 by 8, we get 0 and a remainder of 0.
The next digit of our result is 0. 
Result so far: 5907.875
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 10:
The number 8 fits into 0 0 times, leaving a remainder of 0.
Use 0 as the next digit of our solution. 
Result so far: 5907.875
Subtract 0 from 0 to get 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 5907.875 with a balance of 0.0.