46431 ÷ 4 = 11607 R3
Alright, let's work through the division of 46431 by 4 step by step.

Step 1:
4 goes into 4 1 times with a remainder of 0.
Write down 1 as next digit of of the result. 
Result so far: 1
Subtract 4 from 4 to get 0.
Bring next digit (6) of the dividend behind the 0 and repeat the process: 6 / 4

Step 2:
4 goes into 6 1 times with a remainder of 2.
Write down 1 as next digit of of the result. 
Result so far: 11
Subtract 4 from 6 to get 2.
Bring next digit (4) of the dividend behind the 2 and repeat the process: 24 / 4

Step 3:
4 goes into 24 6 times with a remainder of 0.
Write down 6 as next digit of of the result. 
Result so far: 116
Subtract 24 from 24 to get 0.
Bring next digit (3) of the dividend behind the 0 and repeat the process: 3 / 4

Step 4:
4 goes into 3 0 times with a remainder of 3.
Write down 0 as next digit of of the result. 
Result so far: 1160
Subtract 0 from 3 to get 3.
Bring next digit (1) of the dividend behind the 3 and repeat the process: 31 / 4

Step 5:
4 goes into 31 7 times with a remainder of 3.
Write down 7 as next digit of of the result. 
Result so far: 11607
Subtract 28 from 31 to get 3.

The final result is 11607 with a remainder of 3.