Which option is used to create formulas categorized by level, account, and version?

The Formulas sheet is the correct answer because it is specifically designed to allow users to create and manage formulas that are categorized based on various factors, including level, account, and version. This structured approach helps users efficiently organize their calculations and ensures that they can easily track and update formulas according to their specific planning needs. The Formulas sheet functions as a centralized location where formulas can be defined, allowing for streamlined management and application within the overall data model.

In contrast, data modeling focuses more on the broader framework and relationships between different data sets rather than on the specific creation of formulas. Calculation templates are often used for standardizing calculations but do not inherently categorize formulas as required. The formula library serves as a repository for pre-built formulas, which may not provide the same level of categorization by level, account, and version as the Formulas sheet does. Thus, the Formulas sheet's purpose and functionality align directly with the need to categorize formulas effectively.