10340547 divided by 120 
Let's see how many times 120 fits into 10340547.

On to step 1:
If we divide 1 by 120, we get 0 and a remainder of 1.
Record the quotient 0 as the next digit in the result. 
Result so far: 0.0
If we take 0 away from 1, we end up with 1.
Grab the next digit (0) from the dividend, add it to 1, then carry on: 10 / 120

Moving on to step 2:
If we divide 10 by 120, we get 0 and a remainder of 10.
The number 0 becomes the next digit in our result. 
Result so far: 0.0
The remainder is 10 after subtracting 0 from 10.
Append the next digit (3) from the dividend to 10 and continue with: 103 / 120

Let's proceed to step 3:
120 can be fit into 103 0 times, resulting in a remainder of 103.
The next digit of our result is 0. 
Result so far: 0.0
Deduct 0 from 103 and we're left with 103.
Append the next digit (4) from the dividend to 103 and continue with: 1034 / 120

Going ahead to step 4:
When dividing 1034 by 120, we get 8 with a remainder of 74.
Record the quotient 8 as the next digit in the result. 
Result so far: 8.0
Subtract 960 from 1034 to get 74.
Grab the next digit (0) from the dividend, add it to 74, then carry on: 740 / 120

On to step 5:
When dividing 740 by 120, we get 6 with a remainder of 20.
Record the quotient 6 as the next digit in the result. 
Result so far: 86.0
Subtracting 720 from 740 leaves us with 20.
Include the next digit (5) from the dividend after 20, then repeat: 205 / 120

Step 6:
120 can be fit into 205 1 times, resulting in a remainder of 85.
The number 1 becomes the next digit in our result. 
Result so far: 861.0
Deduct 120 from 205 and we're left with 85.
Fetch the next digit (4) from the dividend, attach it to 85 and continue: 854 / 120

Let's proceed to step 7:
120 can be fit into 854 7 times, resulting in a remainder of 14.
The number 7 becomes the next digit in our result. 
Result so far: 8617.0
Deduct 840 from 854 and we're left with 14.
Bring next digit (7) of the dividend behind the 14 and repeat the process: 147 / 120

Moving on to step 8:
If we divide 147 by 120, we get 1 and a remainder of 27.
The number 1 becomes the next digit in our result. 
Result so far: 86171.0
Subtract 120 from 147 to get 27.
Since there are no more digits in the dividend, we add a zero to the remainder making it 270, and continue the process.

Let's proceed to step 9:
If we divide 270 by 120, we get 2 and a remainder of 30.
Record the quotient 2 as the next digit in the result. 
Result so far: 86171.2
Subtract 240 from 270 to get 30.
Since there are no more digits in the dividend, we add a zero to the remainder making it 300, and continue the process.

Going ahead to step 10:
When dividing 300 by 120, we get 2 with a remainder of 60.
Record the quotient 2 as the next digit in the result. 
Result so far: 86171.22
The remainder is 60 after subtracting 240 from 300.
Since there are no more digits in the dividend, we add a zero to the remainder making it 600, and continue the process.

In conclusion, the division gives 86171.22 with a balance of 0.06.