Serial data communication involves transmitting digital data between a source and receiver using a communications link. It requires a transmitter to encode the digital data, a communications link to carry the signal, and a receiver to decode the signal. Common components are computers, modems, cables. Transmission can be simplex, half duplex, or full duplex. Formats define start/stop bits, data/parity bits, and transmission speed. Protocols establish rules for data exchange, flow control, error checking, and more. Troubleshooting tools like breakout boxes, null modems, and protocol analyzers help test and diagnose serial communication circuits and connections.