To simulate that in web applications with jQuery, check my no-frills code sample which uses an Unordered List instead of list-boxes. When items are moved back to the original List, the sequential order is maintained. This sample can be extended to have multiple Child Lists whose items can be moved to a single Master List.
When an item is moved from the parent List, it is only hidden & its clone is added to the second List. When the same item is deleted in the second List, that element is removed explicitly & the corresponding hidden item is shown in the List where it originated from.