We're dividing 266928 by 98 
We want to divide 266928 by 98.

Step 1:
98 can be fit into 2 0 times, resulting in 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.
Take the next digit (6) from the dividend and append it to 2, then repeat: 26 / 98

On to step 2:
When dividing 26 by 98, we get 0 with a remainder of 26.
The number 0 becomes the next digit in our result. 
Result so far: 0.0
Subtracting 0 from 26 leaves us with 26.
Take the next digit (6) from the dividend and append it to 26, then repeat: 266 / 98

Moving on to step 3:
When dividing 266 by 98, we get 2 with a remainder of 70.
Use 2 as the next digit of our solution. 
Result so far: 2.0
Subtracting 196 from 266 leaves us with 70.
Append the next digit (9) from the dividend to 70 and continue with: 709 / 98

Step 4:
When dividing 709 by 98, we get 7 with a remainder of 23.
Put 7 as the next digit of the answer. 
Result so far: 27.0
If we take 686 away from 709, we end up with 23.
Include the next digit (2) from the dividend after 23, then repeat: 232 / 98

Let's proceed to step 5:
98 goes into 232 2 times with a remainder of 36.
The next digit of our result is 2. 
Result so far: 272.0
Subtract 196 from 232 to get 36.
Grab the next digit (8) from the dividend, add it to 36, then carry on: 368 / 98

Going ahead to step 6:
The number 98 fits into 368 3 times, leaving a remainder of 74.
Put 3 as the next digit of the answer. 
Result so far: 2723.0
If we subtract 294 from 368, we get 74.
Since there are no more digits in the dividend, we add a zero to the remainder making it 740, and continue the process.

On to step 7:
98 can be fit into 740 7 times, resulting in a remainder of 54.
Use 7 as the next digit of our solution. 
Result so far: 2723.7
Subtract 686 from 740 to get 54.
Since there are no more digits in the dividend, we add a zero to the remainder making it 540, and continue the process.

Going ahead to step 8:
When dividing 540 by 98, we get 5 with a remainder of 50.
The next digit of our result is 5. 
Result so far: 2723.75
If we take 490 away from 540, we end up with 50.
Since there are no more digits in the dividend, we add a zero to the remainder making it 500, and continue the process.

Going ahead to step 9:
If we divide 500 by 98, we get 5 and a remainder of 10.
Use 5 as the next digit of our solution. 
Result so far: 2723.755
The remainder is 10 after subtracting 490 from 500.
Since there are no more digits in the dividend, we add a zero to the remainder making it 100, and continue the process.

In conclusion, the division gives 2723.755 with a balance of 0.001.