To recover/restore a previous version of a Google drive file, follow these steps below:
- Open the file that you want to restore to a previous version.
 - Towards the upper-right corner, click on this icon: 

 - This will take you to the Version history page, showing all of the edits that have been made and who made the changes. 

 - On the right-hand side, you can expand each date/time spot, and in the document indicate the changes that have been made.
 - Choose the document version that you would like to restore, then click the "Restore this version" button. 

 - Click Restore on the pop-up.

 - The document will be restored to the previous version.
 
Note: this will work for Google Docs, Sheets, Presentations, etc.