Let's divide 156981 by 8
Let's see how many times 8 fits into 156981.

Advancing to step 1:
When dividing 1 by 8, we get 0 with a remainder of 1.
Record the quotient 0 as the next digit in the result. 
Result so far: 0.0
The remainder is 1 after subtracting 0 from 1.
Include the next digit (5) from the dividend after 1, then repeat: 15 / 8

Advancing to step 2:
8 can be fit into 15 1 times, resulting in a remainder of 7.
Use 1 as the next digit of our solution. 
Result so far: 1.0
Subtracting 8 from 15 leaves us with 7.
Append the next digit (6) from the dividend to 7 and continue with: 76 / 8

On to step 3:
76 divided by 8 is 9 with a remainder of 4.
Record the quotient 9 as the next digit in the result. 
Result so far: 19.0
If we subtract 72 from 76, we get 4.
Include the next digit (9) from the dividend after 4, then repeat: 49 / 8

On to step 4:
8 goes into 49 6 times with a remainder of 1.
Put 6 as the next digit of the answer. 
Result so far: 196.0
If we take 48 away from 49, we end up with 1.
Take the next digit (8) from the dividend and append it to 1, then repeat: 18 / 8

Step 5:
18 divided by 8 is 2 with a remainder of 2.
Record the quotient 2 as the next digit in the result. 
Result so far: 1962.0
If we take 16 away from 18, we end up with 2.
Grab the next digit (1) from the dividend, add it to 2, then carry on: 21 / 8

Going ahead to step 6:
8 goes into 21 2 times with a remainder of 5.
Write down 2 as next digit of the result. 
Result so far: 19622.0
If we subtract 16 from 21, we get 5.
Since there are no more digits in the dividend, we add a zero to the remainder making it 50, and continue the process.

Advancing to step 7:
If we divide 50 by 8, we get 6 and a remainder of 2.
Write down 6 as next digit of the result. 
Result so far: 19622.6
If we take 48 away from 50, we end up with 2.
Since there are no more digits in the dividend, we add a zero to the remainder making it 20, and continue the process.

Step 8:
8 can be fit into 20 2 times, resulting in a remainder of 4.
Put 2 as the next digit of the answer. 
Result so far: 19622.62
The remainder is 4 after subtracting 16 from 20.
Since there are no more digits in the dividend, we add a zero to the remainder making it 40, and continue the process.

Moving on to step 9:
8 goes into 40 5 times with a remainder of 0.
Write down 5 as next digit of the result. 
Result so far: 19622.625
If we subtract 40 from 40, 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.

On to step 10:
8 goes into 0 0 times with a remainder of 0.
Record the quotient 0 as the next digit in the result. 
Result so far: 19622.625
If we take 0 away from 0, we end up 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.

Advancing to step 11:
0 divided by 8 is 0 with a remainder of 0.
The next digit of our result is 0. 
Result so far: 19622.625
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 19622.625 with a balance of 0.0.