Which type of sheet records data using underlying business logic and formulas?

The type of sheet that records data using underlying business logic and formulas is the Standard Sheet. Standard Sheets are designed to incorporate calculations and logic that apply to the data being entered, allowing users to create dynamic models that reflect real-world business scenarios.

In a Standard Sheet, users can input data, and the logic and formulas automatically calculate results based on this input. This feature enables businesses to perform detailed financial analysis, forecast scenarios, and implement various financial planning strategies, all while maintaining consistency and accuracy.

The other types of sheets serve different functions. Modeled Sheets are primarily used for scenario analysis and planning events that may change over time, without the same level of embedded data logic as Standard Sheets. Cube Sheets focus on multidimensional data, allowing for detailed analysis across different dimensions but not specifically relying on business logic in the same way. Hierarchies, on the other hand, organize data in a structured manner but do not record data themselves; instead, they illustrate relationships among various elements.