Microsoft SharePoint | View a File Version History
There are many different ways to access File Version History in both SharePoint and OneDrive. I show you the 4 available ways to do so in this video. Here is a related post on it as well:
If your SharePoint lists or libraries are set to track versions, you can restore a previous version of a list item or file. To learn how you can delete a version, all versions, or just minor versions of an item or file if your list or library is configured for it:
Version history in Office only works for files stored in OneDrive or SharePoint in Microsoft 365.