Find closest multiple of $60$ to $460$. We see that $7 \times 60 = 420$ is the nearest. Now subtract $420$ from $460$ to get reminder $40$. Add $7$ to quotient.
Since $40$ is less than $60$, stop the division. The reminder is $40$. The topmost line $007$ is the quotient. Remove all zeros at the start of the quotient to get the actual quotient $7$.