Separate biscuits then with a cookie cutter or something similar, cut a hole in the middle to create your donut.
Test heat by frying up a donut hole. You want it to turn golden brown on both sides and also be cooked all the way through. Continue with the donuts and fry until golden brown (a few minutes on each side).
Let set on a plate with paper towels on it. Let cool a bit and then dip into your favorite topping.
For a cinnamon sugar taste, dip doughnut into butter then into a cinn/sugar mixture (3 TB sugar, 1 tsp. cinnamon)
For a simple glaze taste, mix powdered sugar, vanilla and milk a little at a time to create a frosting and add sprinkles right after dipping.