Hi,
Usually, it is considered a good practice to put 120 Ohm resistors at both ends of the serial cable line. But, it is not always necessary and will depend on your implementation.
RS485 serial can handle distances of roughly 1.2 km. The baud rate at which your devices communicate is also important. RS485 speeds depend on the cable length. It can operate at over 30 Mbit/s on cable that is up to 10 meters long, and drops down to 100 kbit/s as the cable length is closer to 1200m.
The closer your implementation to these distances and speeds, the more important it becomes to have terminating resistors. Hence, if you only have 1 slave device with a cable of tens of meters long, operating at a 9600 - 115200 baud rate, the resistors can be neglected.
Regarding the grounding wire, it is not necessary in this case.
Kind Regards,
Andzej