The Official Dictionary Spelling of the word in question—if you're into that sort of thing—is “doughnut.” The expedited, simplified, Americanized spelling of “donut,” as Grammarist tells us, has been around since at least the late 19th century. It didn't catch on, though, until late in the 20th century.
Check out this easy 15-minute recipe for homemade donuts.
EASY CANNED BISCUIT DONUTS
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INGREDIENTS
1 ten count can Texas style biscuits (or your preference)
1 Cup Sugar
1½ Tablespoon cinnamon
1 stick margarine, melted
Vegetable Oil For Frying
INSTRUCTIONS
Pour oil into skillet to the depth of a little less than ½ an inch and heat on medium to medium-high for about five minutes. In a bowl, combine cinnamon and sugar.
Using a small round cookie cutter, cut the center out of each biscuit. Drop dough into hot oil, watching carefully and turning when golden. Once doughnuts are golden on both sides, remove to a paper towel-lined plate. Repeat until all dough is cooked, including doughnut holes.
Press both sides into cinnamon sugar mixture. Serve warm.