This recipe is from an old Betty Crocker recipe pamphlet from 1933 that is part of my cookbook collection
2 cups Bisquick
1/4 cup sugar
1/8 tsp cinnamon
1/8 tsp nutmeg
2 eggs
2 tbsp milk
Combine Bisquick, sugar and spices. Add milk and well beaten eggs; beat well to smooth up batter. Roll dough 1/4 inch thick. Cut with doughnut cutter and fry in deep fat which has been heated to 390F. or until a cube of bread browns in the fat in 40 seconds. Turn the doughnuts as they begin to puff up and color, and keep turning until they are golden brown. This makes 1 dozen medium-sized doughnuts.