We're dividing 120774 by 96 
We want to figure out the number of times 120774 can be divided by 96.

Step 1:
When dividing 1 by 96, 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.
Grab the next digit (2) from the dividend, add it to 1, then carry on: 12 / 96

Moving on to step 2:
If we divide 12 by 96, we get 0 and a remainder of 12.
Put 0 as the next digit of the answer. 
Result so far: 0.0
Subtract 0 from 12 to get 12.
Fetch the next digit (0) from the dividend, attach it to 12 and continue: 120 / 96

Advancing to step 3:
120 divided by 96 is 1 with a remainder of 24.
The next digit of our result is 1. 
Result so far: 1.0
Subtracting 96 from 120 leaves us with 24.
Fetch the next digit (7) from the dividend, attach it to 24 and continue: 247 / 96

Step 4:
96 can be fit into 247 2 times, resulting in a remainder of 55.
The next digit of our result is 2. 
Result so far: 12.0
If we take 192 away from 247, we end up with 55.
Append the next digit (7) from the dividend to 55 and continue with: 557 / 96

Moving on to step 5:
If we divide 557 by 96, we get 5 and a remainder of 77.
The next digit of our result is 5. 
Result so far: 125.0
Subtract 480 from 557 to get 77.
Bring next digit (4) of the dividend behind the 77 and repeat the process: 774 / 96

Moving on to step 6:
96 goes into 774 8 times with a remainder of 6.
The next digit of our result is 8. 
Result so far: 1258.0
Deduct 768 from 774 and we're left with 6.
Since there are no more digits in the dividend, we add a zero to the remainder making it 60, and continue the process.

Moving on to step 7:
When dividing 60 by 96, we get 0 with a remainder of 60.
Use 0 as the next digit of our solution. 
Result so far: 1258.0
The remainder is 60 after subtracting 0 from 60.
Since there are no more digits in the dividend, we add a zero to the remainder making it 600, and continue the process.

On to step 8:
600 divided by 96 is 6 with a remainder of 24.
The next digit of our result is 6. 
Result so far: 1258.06
Deduct 576 from 600 and we're left with 24.
Since there are no more digits in the dividend, we add a zero to the remainder making it 240, and continue the process.

On to step 9:
96 goes into 240 2 times with a remainder of 48.
The number 2 becomes the next digit in our result. 
Result so far: 1258.062
If we subtract 192 from 240, we get 48.
Since there are no more digits in the dividend, we add a zero to the remainder making it 480, and continue the process.

On to step 10:
The number 96 fits into 480 5 times, leaving a remainder of 0.
Write down 5 as next digit of the result. 
Result so far: 1258.0625
If we take 480 away from 480, 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.

Let's proceed to step 11:
96 goes into 0 0 times with a remainder of 0.
Put 0 as the next digit of the answer. 
Result so far: 1258.0625
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.

On to step 12:
0 divided by 96 is 0 with a remainder of 0.
The next digit of our result is 0. 
Result so far: 1258.0625
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.

In conclusion, the division gives 1258.0625 with a balance of 0.0.