We're dividing 120923 by 45 
We want to divide 120923 by 45.

Going ahead to step 1:
When dividing 1 by 45, we get 0 with a remainder of 1.
Write down 0 as next digit of the result. 
Result so far: 0.0
Subtract 0 from 1 to get 1.
Append the next digit (2) from the dividend to 1 and continue with: 12 / 45

Let's proceed to step 2:
The number 45 fits into 12 0 times, leaving a remainder of 12.
Use 0 as the next digit of our solution. 
Result so far: 0.0
If we subtract 0 from 12, we get 12.
Grab the next digit (0) from the dividend, add it to 12, then carry on: 120 / 45

Step 3:
If we divide 120 by 45, we get 2 and a remainder of 30.
Record the quotient 2 as the next digit in the result. 
Result so far: 2.0
Subtract 90 from 120 to get 30.
Append the next digit (9) from the dividend to 30 and continue with: 309 / 45

Going ahead to step 4:
45 can be fit into 309 6 times, resulting in a remainder of 39.
Write down 6 as next digit of the result. 
Result so far: 26.0
If we subtract 270 from 309, we get 39.
Fetch the next digit (2) from the dividend, attach it to 39 and continue: 392 / 45

Advancing to step 5:
When dividing 392 by 45, we get 8 with a remainder of 32.
Use 8 as the next digit of our solution. 
Result so far: 268.0
Deduct 360 from 392 and we're left with 32.
Append the next digit (3) from the dividend to 32 and continue with: 323 / 45

Moving on to step 6:
323 divided by 45 is 7 with a remainder of 8.
Use 7 as the next digit of our solution. 
Result so far: 2687.0
Subtracting 315 from 323 leaves us with 8.
Since there are no more digits in the dividend, we add a zero to the remainder making it 80, and continue the process.

Advancing to step 7:
When dividing 80 by 45, we get 1 with a remainder of 35.
Use 1 as the next digit of our solution. 
Result so far: 2687.1
If we take 45 away from 80, we end up with 35.
Since there are no more digits in the dividend, we add a zero to the remainder making it 350, and continue the process.

On to step 8:
When dividing 350 by 45, we get 7 with a remainder of 35.
Put 7 as the next digit of the answer. 
Result so far: 2687.17
If we subtract 315 from 350, we get 35.
Since there are no more digits in the dividend, we add a zero to the remainder making it 350, and continue the process.

Moving on to step 9:
If we divide 350 by 45, we get 7 and a remainder of 35.
Use 7 as the next digit of our solution. 
Result so far: 2687.177
Subtracting 315 from 350 leaves us with 35.
Since there are no more digits in the dividend, we add a zero to the remainder making it 350, and continue the process.

In conclusion, the division gives 2687.177 with a balance of 0.0035.