diff --git a/erpnext/__init__.py b/erpnext/__init__.py
index 020f843c1ae..a9348c11f49 100644
--- a/erpnext/__init__.py
+++ b/erpnext/__init__.py
@@ -5,7 +5,7 @@ import frappe
 from erpnext.hooks import regional_overrides
 from frappe.utils import getdate
 
-__version__ = '12.0.0'
+__version__ = '12.0.1'
 
 def get_default_company(user=None):
 	'''Get default company for user'''
diff --git a/erpnext/accounts/doctype/account/account.py b/erpnext/accounts/doctype/account/account.py
index 68efe377190..0e57b3f1986 100644
--- a/erpnext/accounts/doctype/account/account.py
+++ b/erpnext/accounts/doctype/account/account.py
@@ -123,7 +123,9 @@ class Account(NestedSet):
 				doc.flags.ignore_root_company_validation = True
 				doc.update({
 					"company": company,
-					"account_currency": None,
+					# parent account's currency should be passed down to child account's curreny
+					# if it is None, it picks it up from default company currency, which might be unintended
+					"account_currency": self.account_currency,
 					"parent_account": parent_acc_name_map[company]
 				})
 				doc.save()