Yeah, that'll work fine, you just need to space it out so that you don't work the same muscles in successive days. Starting out, I find its actually best to split things up (say legs, then arms and back, and then chest and shoulders), hitting each group hard, then wait an entire week to do the same. You can mix things around by starting with what you finished with the week before, or maybe spend a week where you hit the same group twice. There's plenty of ways you can do it, and no real wrong way (working out the same muscles extensively in successive days just doesn't give your body a lot of time to heal, which can be a good thing if you're wanting to mix things up to keep your workout fresh).
It does depend on how you're lifting. If you're going heavy then I would say only once a week, but if you're going light then probably a couple of times a week. For the former use longer rests between sets, and for the latter use less (and possibly cram a bit more by rotating workouts).