The ability of a substance, the solute, to create a solution with another substance, the solvent, is known as solubility.
Substances with high solubility are considered soluble substances.
Solubility of a solute in a solvent is decided on the basis of the nature of the solute i.e. same nature solute will dissolve more easily in the same nature of solvent i.e. like dissolve like.
Water is a polar molecule that dissolves Alcohol, polar and charged amino acids, carbohydrates, salts, Acetone, ethylene glycol, etc.
Non-polar substances, such as alkanes and proteins, are insoluble in water.
In general, ionic substances dissolve best in polar solvents; the higher the lattice energy, the more polar the solvent must be to overcome it and dissolve the molecule.
Therefore, Alcohol and Acetone are soluble in water.