diff --git a/erpnext/setup/doctype/company/company.py b/erpnext/setup/doctype/company/company.py
index 94a0101..32ad8eb 100644
--- a/erpnext/setup/doctype/company/company.py
+++ b/erpnext/setup/doctype/company/company.py
@@ -166,7 +166,7 @@
 
 	def mode_of_payment(self):
 		cash = frappe.db.get_value('Mode of Payment', {'type': 'Cash'}, 'name')
-		if cash:
+		if cash and not frappe.db.get_value('Mode of Payment Account', {'company': self.name}):
 			mode_of_payment = frappe.get_doc('Mode of Payment', cash)
 			mode_of_payment.append('accounts', {
 				'company': self.name,
diff --git a/erpnext/setup/doctype/company/test_company.py b/erpnext/setup/doctype/company/test_company.py
index 43cb4d3..d2e7d23 100644
--- a/erpnext/setup/doctype/company/test_company.py
+++ b/erpnext/setup/doctype/company/test_company.py
@@ -40,9 +40,10 @@
 			acc = frappe.get_doc("Account", account)
 			for prop, val in acc_property.items():
 				self.assertEqual(acc.get(prop), val)
-				
+
+		self.delete_mode_of_payment("COA from Existing Company")
 		frappe.delete_doc("Company", "COA from Existing Company")
-				
+
 	def test_coa_based_on_country_template(self):
 		countries = ["India", "Brazil", "United Arab Emirates", "Canada", "Germany", "France",
 			"Guatemala", "Indonesia", "Mexico", "Nicaragua", "Netherlands", "Singapore"]
@@ -78,4 +79,9 @@
 
 						self.assertTrue(frappe.get_all("Account", filters))
 				finally:
-					frappe.delete_doc("Company", template)
\ No newline at end of file
+					self.delete_mode_of_payment(template)
+					frappe.delete_doc("Company", template)
+
+	def delete_mode_of_payment(self, company):
+		frappe.db.sql(""" delete from `tabMode of Payment Account`
+			where company =%s """, (company))