We're dividing 865961 by 16 
Let's see how many times 16 fits into 865961.

Moving on to step 1:
8 divided by 16 is 0 with a remainder of 8.
Record the quotient 0 as the next digit in the result. 
Result so far: 0.0
Subtract 0 from 8 to get 8.
Append the next digit (6) from the dividend to 8 and continue with: 86 / 16

Moving on to step 2:
16 goes into 86 5 times with a remainder of 6.
Write down 5 as next digit of the result. 
Result so far: 5.0
If we subtract 80 from 86, we get 6.
Include the next digit (5) from the dividend after 6, then repeat: 65 / 16

Let's proceed to step 3:
If we divide 65 by 16, we get 4 and a remainder of 1.
Use 4 as the next digit of our solution. 
Result so far: 54.0
Deduct 64 from 65 and we're left with 1.
Fetch the next digit (9) from the dividend, attach it to 1 and continue: 19 / 16

Let's proceed to step 4:
When dividing 19 by 16, we get 1 with a remainder of 3.
The number 1 becomes the next digit in our result. 
Result so far: 541.0
The remainder is 3 after subtracting 16 from 19.
Append the next digit (6) from the dividend to 3 and continue with: 36 / 16

Moving on to step 5:
If we divide 36 by 16, we get 2 and a remainder of 4.
Use 2 as the next digit of our solution. 
Result so far: 5412.0
If we take 32 away from 36, we end up with 4.
Include the next digit (1) from the dividend after 4, then repeat: 41 / 16

On to step 6:
41 divided by 16 is 2 with a remainder of 9.
Put 2 as the next digit of the answer. 
Result so far: 54122.0
If we take 32 away from 41, we end up with 9.
Since there are no more digits in the dividend, we add a zero to the remainder making it 90, and continue the process.

Step 7:
When dividing 90 by 16, we get 5 with a remainder of 10.
Put 5 as the next digit of the answer. 
Result so far: 54122.5
If we subtract 80 from 90, we get 10.
Since there are no more digits in the dividend, we add a zero to the remainder making it 100, and continue the process.

On to step 8:
16 can be fit into 100 6 times, resulting in a remainder of 4.
The number 6 becomes the next digit in our result. 
Result so far: 54122.56
The remainder is 4 after subtracting 96 from 100.
Since there are no more digits in the dividend, we add a zero to the remainder making it 40, and continue the process.

Going ahead to step 9:
If we divide 40 by 16, we get 2 and a remainder of 8.
The next digit of our result is 2. 
Result so far: 54122.562
Subtract 32 from 40 to get 8.
Since there are no more digits in the dividend, we add a zero to the remainder making it 80, and continue the process.

Step 10:
16 goes into 80 5 times with a remainder of 0.
Record the quotient 5 as the next digit in the result. 
Result so far: 54122.5625
Subtracting 80 from 80 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.

Going ahead to step 11:
The number 16 fits into 0 0 times, leaving a remainder of 0.
Use 0 as the next digit of our solution. 
Result so far: 54122.5625
If we subtract 0 from 0, we 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.

Advancing to step 12:
16 can be fit into 0 0 times, resulting in a remainder of 0.
The number 0 becomes the next digit in our result. 
Result so far: 54122.5625
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 54122.5625 with a balance of 0.0.