>I am wondering what is the best approach to take when we have a listbox of type 1 - Value where we enter our own values in RowSourceType property. It's not like a listbox of type 3 - SQL where we can bound the control source to field on BoundColumn 2. Basically, what is the best approach to bound the control source when entering the values manually at the form designer level?

Michel,
It's just the same with the exception recordpointer wouldn't move in a cursor where you could directly use myComboCursor.Anyfield to check selected item (single selection).
You just provide n values per row where n is columncount. ie:

*mycombo.init && All props left at their default
With this
  .Rowsourcetype = 1
  .Rowsource = ;
     'Description 1,pk123,Col31,'+;
     'Description 2,pk138,Col32,'+;
     'Description 3,pk178,Col33,'+;
     'Description 4,pk198,Col34'  && 3 per row
  .Columncount = 3
  .Boundcolumn = 2
  .Columnwidths = '100,50,50'
Endwith

* A commandbutton click to check selected
With thisform.myCombo
  Messagebox( ;
    'Value : '+ .Value + chr(13)+;
    'Col1  : '+.List(.ListIndex,1)+chr(13)+;
    'Col2  : '+.List(.ListIndex,2)+chr(13)+;
    'Col3  : '+.List(.ListIndex,3) )
Endwith

Value returns column 2 (Boundcolumn) content but you can access any column value using List(ListIndex,ColNum) - (honestly I prefer List(Listindex,Col) approach vs value).

Note: If you have a controlsource defined and it's numeric then better you set bound to .t. otherwise you get listindex.
Cetin