Here's how it works:
* Possessive: The apostrophe is used to show ownership. For example: "The dog's bone" or "John's car."
* Omission of letters: The apostrophe is used to represent missing letters in a word, typically in contractions or abbreviations. For example: "I'm" (I am), "don't" (do not), "it's" (it is), or "can't" (cannot).
Let me know if you have any other questions!