Error while installing erpnext on site

This is the error i get while installing the erpnext app on my site

erpnext@hostname:~/frappe-bench$ bench --site site.local install-app erpnext

Installing erpnext…
Updating DocTypes for erpnext : [==== ]An error occurred while installing erpnext:
Module import failed for Process Statement Of Accounts (erpnext.accounts.doctype.process_statement_of_accounts.process_statement_of_accounts Error: cannot import name ‘format_date’ from ‘frappe.utils’ (/home/erpnext/frappe-bench/apps/frappe/frappe/utils/

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