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Google has a term for this, they call it ‘Double Serving’. It’s listed in their Abusing the ad network policies as an Unfair advantage, so the answer is no.
Double serving is when the same business has multiple websites or multiple Google Ads accounts and the same business displays two or more ads at the same time. Google considers this to be non-competitive and gaining unfair advantage in the ad auction. This is the only way that it is possible to show multiple ads at the same time, because otherwise Google only picks one ad from your account to display.
It’s actually relatively common for businesses to create different business entities for the purpose of digital marketing – for example “Mr Hot Water – Your Local Plumber” and “1300 Plumbing” (totally made up names) could be exactly the same business.
The Google Ads policy is a little vague, for example if the branding, pricing, products being sold or services are different, then it may be possible to consider two similar businesses with the same legal ownership as being different businesses. If you’re essentially running multiple websites and have exactly the same operations behind the scenes however, then you’re skating on thin ice.
Google state that if caught, they may suspend your account and prevent your business advertising through Google in the future. If this is something you really need to do because you legitimately have multiple businesses, make sure both businesses are their own entity and are positioned quite differently before using Google to advertise in this way.
This tip and many others are found at https://www.petramanos.com/category/tips/