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\begin{array}{l}\phantom{99)}\phantom{1}\\99\overline{)49599}\\\end{array}
Use the 1^{st} digit 4 from dividend 49599
\begin{array}{l}\phantom{99)}0\phantom{2}\\99\overline{)49599}\\\end{array}
Since 4 is less than 99, use the next digit 9 from dividend 49599 and add 0 to the quotient
\begin{array}{l}\phantom{99)}0\phantom{3}\\99\overline{)49599}\\\end{array}
Use the 2^{nd} digit 9 from dividend 49599
\begin{array}{l}\phantom{99)}00\phantom{4}\\99\overline{)49599}\\\end{array}
Since 49 is less than 99, use the next digit 5 from dividend 49599 and add 0 to the quotient
\begin{array}{l}\phantom{99)}00\phantom{5}\\99\overline{)49599}\\\end{array}
Use the 3^{rd} digit 5 from dividend 49599
\begin{array}{l}\phantom{99)}005\phantom{6}\\99\overline{)49599}\\\phantom{99)}\underline{\phantom{}495\phantom{99}}\\\phantom{99)999}0\\\end{array}
Find closest multiple of 99 to 495. We see that 5 \times 99 = 495 is the nearest. Now subtract 495 from 495 to get reminder 0. Add 5 to quotient.
\begin{array}{l}\phantom{99)}005\phantom{7}\\99\overline{)49599}\\\phantom{99)}\underline{\phantom{}495\phantom{99}}\\\phantom{99)999}9\\\end{array}
Use the 4^{th} digit 9 from dividend 49599
\begin{array}{l}\phantom{99)}0050\phantom{8}\\99\overline{)49599}\\\phantom{99)}\underline{\phantom{}495\phantom{99}}\\\phantom{99)999}9\\\end{array}
Since 9 is less than 99, use the next digit 9 from dividend 49599 and add 0 to the quotient
\begin{array}{l}\phantom{99)}0050\phantom{9}\\99\overline{)49599}\\\phantom{99)}\underline{\phantom{}495\phantom{99}}\\\phantom{99)999}99\\\end{array}
Use the 5^{th} digit 9 from dividend 49599
\begin{array}{l}\phantom{99)}00501\phantom{10}\\99\overline{)49599}\\\phantom{99)}\underline{\phantom{}495\phantom{99}}\\\phantom{99)999}99\\\phantom{99)}\underline{\phantom{999}99\phantom{}}\\\phantom{99)99999}0\\\end{array}
Find closest multiple of 99 to 99. We see that 1 \times 99 = 99 is the nearest. Now subtract 99 from 99 to get reminder 0. Add 1 to quotient.
\text{Quotient: }501 \text{Reminder: }0
Since 0 is less than 99, stop the division. The reminder is 0. The topmost line 00501 is the quotient. Remove all zeros at the start of the quotient to get the actual quotient 501.