We're dividing 296894 by 78 
We're looking to find how many times 78 goes into 296894.

Going ahead to step 1:
When dividing 2 by 78, we get 0 with a remainder of 2.
The next digit of our result is 0. 
Result so far: 0.0
Deduct 0 from 2 and we're left with 2.
Include the next digit (9) from the dividend after 2, then repeat: 29 / 78

Advancing to step 2:
29 divided by 78 is 0 with a remainder of 29.
Write down 0 as next digit of the result. 
Result so far: 0.0
The remainder is 29 after subtracting 0 from 29.
Grab the next digit (6) from the dividend, add it to 29, then carry on: 296 / 78

Advancing to step 3:
78 goes into 296 3 times with a remainder of 62.
The next digit of our result is 3. 
Result so far: 3.0
Subtracting 234 from 296 leaves us with 62.
Fetch the next digit (8) from the dividend, attach it to 62 and continue: 628 / 78

Going ahead to step 4:
78 goes into 628 8 times with a remainder of 4.
The next digit of our result is 8. 
Result so far: 38.0
Subtracting 624 from 628 leaves us with 4.
Fetch the next digit (9) from the dividend, attach it to 4 and continue: 49 / 78

Advancing to step 5:
49 divided by 78 is 0 with a remainder of 49.
The number 0 becomes the next digit in our result. 
Result so far: 380.0
Deduct 0 from 49 and we're left with 49.
Append the next digit (4) from the dividend to 49 and continue with: 494 / 78

On to step 6:
78 can be fit into 494 6 times, resulting in a remainder of 26.
The next digit of our result is 6. 
Result so far: 3806.0
If we take 468 away from 494, we end up with 26.
Since there are no more digits in the dividend, we add a zero to the remainder making it 260, and continue the process.

Let's proceed to step 7:
The number 78 fits into 260 3 times, leaving a remainder of 26.
The number 3 becomes the next digit in our result. 
Result so far: 3806.3
The remainder is 26 after subtracting 234 from 260.
Since there are no more digits in the dividend, we add a zero to the remainder making it 260, and continue the process.

Step 8:
When dividing 260 by 78, we get 3 with a remainder of 26.
Write down 3 as next digit of the result. 
Result so far: 3806.33
Deduct 234 from 260 and we're left with 26.
Since there are no more digits in the dividend, we add a zero to the remainder making it 260, and continue the process.

In conclusion, the division gives 3806.33 with a balance of 0.026.