The incorrect statement is ?BRS will bring out any errors that may have been committed in the cash book but not in the passbook. BRS is prepared on a periodical basis for checking that bank-related transaction are properly recorded in the cashbook's bank column and also by the bank in their books. It helps to detect errors in recording transactions and determining the exact balance as on a specified date. The error in recording transactions is caused by the business or by the bank. Hence the statement "BRS will bring out any errors that may have been committed in the cash book but not in the passbook" is incorrect.