We're dividing 346920 by 50 
We're looking to find how many times 50 goes into 346920.

Advancing to step 1:
3 divided by 50 is 0 with a remainder of 3.
Record the quotient 0 as the next digit in the result. 
Result so far: 0.0
Subtracting 0 from 3 leaves us with 3.
Bring next digit (4) of the dividend behind the 3 and repeat the process: 34 / 50

Moving on to step 2:
The number 50 fits into 34 0 times, leaving a remainder of 34.
Put 0 as the next digit of the answer. 
Result so far: 0.0
If we subtract 0 from 34, we get 34.
Grab the next digit (6) from the dividend, add it to 34, then carry on: 346 / 50

Let's proceed to step 3:
50 can be fit into 346 6 times, resulting in a remainder of 46.
Write down 6 as next digit of the result. 
Result so far: 6.0
Deduct 300 from 346 and we're left with 46.
Take the next digit (9) from the dividend and append it to 46, then repeat: 469 / 50

Moving on to step 4:
469 divided by 50 is 9 with a remainder of 19.
Put 9 as the next digit of the answer. 
Result so far: 69.0
If we take 450 away from 469, we end up with 19.
Take the next digit (2) from the dividend and append it to 19, then repeat: 192 / 50

Moving on to step 5:
When dividing 192 by 50, we get 3 with a remainder of 42.
The number 3 becomes the next digit in our result. 
Result so far: 693.0
Deduct 150 from 192 and we're left with 42.
Take the next digit (0) from the dividend and append it to 42, then repeat: 420 / 50

Step 6:
The number 50 fits into 420 8 times, leaving a remainder of 20.
The number 8 becomes the next digit in our result. 
Result so far: 6938.0
The remainder is 20 after subtracting 400 from 420.
Since there are no more digits in the dividend, we add a zero to the remainder making it 200, and continue the process.

Going ahead to step 7:
50 goes into 200 4 times with a remainder of 0.
The next digit of our result is 4. 
Result so far: 6938.4
Deduct 200 from 200 and we're left 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.

Moving on to step 8:
The number 50 fits into 0 0 times, leaving a remainder of 0.
Record the quotient 0 as the next digit in the result. 
Result so far: 6938.4
Subtracting 0 from 0 leaves us 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.

Going ahead to step 9:
50 can be fit into 0 0 times, resulting in a remainder of 0.
The next digit of our result is 0. 
Result so far: 6938.4
Subtract 0 from 0 to 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.

In conclusion, the division gives 6938.4 with a balance of 0.0.