diff --git a/erpnext/accounts/doctype/account/chart_of_accounts/verified/in_standard_chart_of_accounts.json b/erpnext/accounts/doctype/account/chart_of_accounts/verified/in_standard_chart_of_accounts.json
index c2fbecc214..c85e07c5af 100644
--- a/erpnext/accounts/doctype/account/chart_of_accounts/verified/in_standard_chart_of_accounts.json
+++ b/erpnext/accounts/doctype/account/chart_of_accounts/verified/in_standard_chart_of_accounts.json
@@ -54,8 +54,8 @@
 	        "Investments": {
 	        	"is_group": 1
 	        },
-	        "Temporary Accounts (Assets)": {
-	            "Temporary Assets": {}
+	        "Temporary Accounts": {
+	            "Temporary Opening": {}
 	        },
 			"root_type": "Asset"
 	    },
@@ -175,11 +175,8 @@
 					"Unsecured Loans": {},
 					"Bank Overdraft Account": {}
 				}
-	        },
-	        "Temporary Accounts (Liabilities)": {
-	            "Temporary Liabilities": {}
 	        },
 			"root_type": "Liability"
 		}
 	}
-}
\ No newline at end of file
+}
diff --git a/erpnext/accounts/doctype/account/chart_of_accounts/verified/standard_chart_of_accounts.py b/erpnext/accounts/doctype/account/chart_of_accounts/verified/standard_chart_of_accounts.py
index 50fc2f43dc..24ab6f2f97 100644
--- a/erpnext/accounts/doctype/account/chart_of_accounts/verified/standard_chart_of_accounts.py
+++ b/erpnext/accounts/doctype/account/chart_of_accounts/verified/standard_chart_of_accounts.py
@@ -57,8 +57,8 @@ def get():
 	        _("Investments"): {
 	        	"is_group": 1
 	        },
-	        _("Temporary Accounts (Assets)"): {
-	            _("Temporary Assets"): {}
+	        _("Temporary Accounts"): {
+	            _("Temporary Opening"): {}
 	        },
 			"root_type": "Asset"
 	    },
@@ -174,9 +174,6 @@ def get():
 					_("Unsecured Loans"): {},
 					_("Bank Overdraft Account"): {},
 				},
-	        },
-	        _("Temporary Accounts (Liabilities)"): {
-	            _("Temporary Liabilities"): {}
 	        },
 			"root_type": "Liability"
 	    },